In an Earlier Chapter, You Were Introduced to a "Traditional

question 83

Essay

In an earlier chapter, you were introduced to a "traditional" view of costs and a "full cost" view of costs, with respect to a certain type of analysis. How might that lesson apply here?
In particular, might operations managers pay more attention to some kinds of costs than others?

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Definitions:

Matching Principle

An accounting principle that recognizes expenses in the same period as the revenues they are related to are earned.