What Is the Term for a Cost Management Subsystem Designed

question 3

Multiple Choice

What is the term for a cost management subsystem designed to provide accurate and timely feedback concerning the performance of managers and others relative to their planning and control activities?

• A)cost accounting information system
• B)financial accounting system
• C)operational control information system
• D)tax reporting system

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Definitions:

High-Value

Pertaining to products, services, or attributes that possess a greater benefit, worth, or significance, often justifying a higher cost or investment.

Sealed-Bid

A bidding process where all bids are submitted confidentially and opened at a predetermined time.

Bid Aggressively

Actively and competitively placing higher bids, often to secure an asset or win a contract in auctions or markets.

Competition

The rivalry between businesses or suppliers in the same market, aiming to achieve higher sales, greater market share, or other objectives.