Managers should apply two principles to obtain accurate and useful cost functions.These principles are _____.
A)plausibility and believability
B)plausibility and reliability
C)reliability and validity
D)believability and validity

Question

Quizplus · Accepted Answer

Managers should ensure that cost functions are both plausible, meaning they make logical sense, and reliable, meaning they consistently produce accurate results.

Managers Should Apply Two Principles to Obtain Accurate and Useful