High Quality Cost Management Systems Should Have an Organization-Wide Perspective

question 59

Multiple Choice

High quality cost management systems should have an organization-wide perspective. Which of the following would NOT be a benefit of a cost management system?

• A)increases speed by ignoring non-financial information
• B)reduces duplicate data storage and use of data
• C)improves timeliness of reports
• D)increases the efficiency of generating reliable and accurate information

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Definitions:

Alternative Hypothesis

The hypothesis that proposes a significant effect or difference, in contrast to the null hypothesis.

One-way ANOVA

An analytical procedure designed to evaluate if distinct, unrelated groups of three or more have statistically meaningful differences in their mean values.

Nonsmoker

A person who does not smoke cigarettes, cigars, or any other tobacco products.

Null Hypothesis

A statement used in statistics that proposes there is no significant difference or effect, serving as the default or initial presumption to be tested.