A Cost Accounting System Should Be Revised When

question 30

Multiple Choice

A cost accounting system should be revised when

• A)the existing cost accounting system provides information that is representative of operations.
• B)the existing cost accounting system could be updated, just to keep ahead.
• C)the existing cost accounting system does not produce information that reflects the way various products use scarce resources.
• D)management wants to change the system, even though the information is relevant and correct.
• E)a new system would be easier to understand but would not be reliable.

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Definitions:

HR Staffs

The personnel within an organization responsible for overseeing hiring, training, employee relations, benefits, and compliance with labor laws, essentially managing the organization's human resources.

Personnel Management

A new type of management function, grew from the recognition that human resources needed to be managed.

Government Regulations

The laws and rules established by governmental bodies that dictate how businesses can operate, aimed at protecting consumers, employees, and the environment.

Behavioral Issues

Behavioral issues refer to actions or patterns of conduct in individuals that are disruptive, harmful, or outside of societal norms.