Past Cost Information Might Be Too Unreliable for Future Cost

question 13

Multiple Choice

Past cost information might be too unreliable for future cost estimation because:

• A) The organisations operations have changed considerably
• B) The organisation's accounting system does not currently capture the necessary information
• C) The costs are primarily mixed
• D) Both a and b

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Definitions:

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, controlling most functions of the body and mind.

Right Hemisphere

The half of the brain that controls the left side of the body and is typically responsible for spatial abilities, facial recognition, and processing music and art.

Expression Of Emotion

The act of conveying feelings such as happiness, anger, or sadness through verbal and non-verbal means.

Recognition Of Patterns

The cognitive process involving identification and understanding of patterns and regularities in data.