High Quality Cost Management Systems Should Have an Organization-Wide Perspective

question 59

Multiple Choice

High quality cost management systems should have an organization-wide perspective. Which of the following would NOT be a benefit of a cost management system?

• A)increases speed by ignoring non-financial information
• B)reduces duplicate data storage and use of data
• C)improves timeliness of reports
• D)increases the efficiency of generating reliable and accurate information

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Definitions:

Operationalized

The process of defining a research variable in practical, measurable terms, allowing it to be quantitatively or qualitatively captured.

Postsale Problems

Postsale Problems refer to issues or complaints customers experience with a product or service after the purchase has been made, necessitating support or resolution.

Possession

The act of owning or the state of being owned, denoting the control a person or entity has over an object, property, or asset.

Commission System

is a compensation method where employees or agents are paid based on the value of the sales or deals they make, intended to motivate higher performance.