Which of the Following Are Reasons Why Managers Need Information

question 24

Multiple Choice

Which of the following are reasons why managers need information on manufacturing costs?
I. Pricing
II. Inventory valuation
III. Profit determination
IV. Evaluation of past performance

• A) I, II and III
• B) II, III and IV only
• C) II and III only
• D) I and IV only

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Definitions:

Research Ethics

A set of ethical principles guiding the conduct of research, ensuring the welfare, rights, and dignity of participants are protected.

Skeptical

Having an attitude of doubt or a disposition to incredulity either in general or toward a particular object.

Oversimplify

To reduce something to its simplest form, often to the point of misrepresenting or misunderstanding the complexity of the subject.

Theories

Systematic sets of ideas or principles that explain phenomena or concepts, typically developed through observation and experimentation.