A cost management system should
A)identify and evaluate new activities.
B)determine whether the organization is effective and efficient.
C)identify the cost of consumed resources within the organization.
D)all of the above.

Question

Quizplus · Accepted Answer

A cost management system should do all of the above - identify and evaluate new activities, determine the organization's effectiveness and efficiency, and identify the cost of consumed resources within the organization. This is because cost management involves monitoring and controlling the organization's expenses, and to do this effectively, the system must be able to identify where costs are being incurred, evaluate whether those costs are necessary or not, and determine how to reduce or eliminate unnecessary costs.

A Cost Management System Should