A cost function _____.
A)need not have a cause?and?effect relationship
B)should include only personal observations of costs and activities
C)does not explain past cost behavior
D)should be a reliable predictor of future costs

Question

Quizplus · Accepted Answer

A cost function should be a reliable predictor of future costs. It is used to estimate future costs based on past data and relationships between costs and activities. It is not necessary for a cost function to have a cause-and-effect relationship, and it should not be based solely on personal observations. Although it does not explain past cost behavior, it can be used to make predictions about future cost behavior.

A Cost Function _____