An accelerated need for refined cost systems is due to ________.
A) global monopolies
B) rising prices
C) intense competition
D) a shift toward increased direct costs

Question

Quizplus · Accepted Answer

Intense competition leads to a need for refined cost systems in order to stay competitive and keep costs low. A and B are not relevant to the need for refined cost systems, while D does not necessarily indicate a need for refinement of cost systems.

An Accelerated Need for Refined Cost Systems Is Due to ________