Trends in Cost Management/cost Accounting Include All of the Following

question 103

Multiple Choice

Trends in cost management/cost accounting include all of the following except:

• A) reductions in the administrative costs of gathering data
• B) a trend toward job order cost systems and away from process cost systems
• C) adding a fourth cost category called direct technology
• D) reduction in the direct labor cost component

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Definitions:

Business Operations

The day-to-day activities involved in managing a business, ensuring it functions efficiently and profitably.

Management Reorganizes

Refers to the process of changing the structure or allocation of responsibilities within a company's management team, aiming at increasing efficiency or meeting new strategic goals.

Liquidation

Ending a firm’s life by selling off its assets.

Trustee

An individual or organization designated to hold and manage assets on behalf of others, often in a trust fund.