Cost and management accounting information is subject to the cost-benefit rule.

Name: Cost and management accounting information is subject to the cost-benefit rule.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost and management accounting information adheres to the cost-benefit rule, meaning the benefits of having the information should outweigh the costs of obtaining it. This principle helps ensure that the information provided is useful and justifies the expense of its collection and analysis.

Cost and Management Accounting Information Is Subject to the Cost-Benefit