Cost prediction is used to _____.
A)calculate annual gains and losses
B)negotiate with supplies
C)estimate future costs
D)calculate management compensation

Question

Quizplus · Accepted Answer

Cost prediction is used to estimate future costs, allowing companies to plan and budget accordingly. It is a proactive measure that helps companies prepare for potential financial challenges and make informed decisions about investments and expenditures. While cost prediction can indirectly impact annual gains and losses, it is not its primary purpose; negotiating with suppliers and calculating management compensation are also not directly related to cost prediction.

Cost Prediction Is Used to _____