In conjunction with a cost management system,gap analysis refers to comparing
A)the information being received by competitors' managers to the information being received by in-house managers.
B)the information needed to what is available.
C)current cost information to projected cost information.
D)budget figures to actual spending.

Question

Quizplus · Accepted Answer

Gap analysis is a tool used to compare the information needed with what is currently available. In conjunction with a cost management system, it helps to identify areas where cost savings can be achieved by identifying gaps in information or processes. Options A, C, and D are not the correct choices as they do not accurately describe the purpose of gap analysis in relation to cost management systems.

In Conjunction with a Cost Management System,gap Analysis Refers to Comparing