Cost Management Is the Branch of Accounting Concerned with Reporting

question 23

Multiple Choice

Cost management is the branch of accounting concerned with reporting to

• A) internal managers.
• B) stockholders.
• C) the government.
• D) bankers.

---

Definitions:

Frequency Distribution

A mathematical function showing the number of instances in which a variable attains each of its possible values.

Relative Frequency Histogram

A type of histogram that displays the relative frequencies, or proportions, of data points within specified intervals.

Open-ended Classes

A teaching or learning style with no predetermined limits on the topics to be explored or the depth of inquiry.

Equal Width Classes

A method in data binning where each class or bin has the same width, used in the construction of histograms and frequency distributions.