To support managers' decisions,accountants develop cost management systems that are ________.
A) also used by external users such as investors and lenders
B) computer programs with specialized accounting language
C) a collection of tools and techniques that identify how decisions affect costs
D) composed of at least 400 cost pools

Question

Quizplus · Accepted Answer

Cost management systems developed by accountants are a collection of tools and techniques that identify how decisions affect costs, which helps managers make informed decisions. These systems are not computer programs with specialized accounting language and do not necessarily have a specific number of cost pools. While external users such as investors and lenders may use some of the information provided by cost management systems, their primary purpose is to support managers' decisions.

To Support Managers' Decisions,accountants Develop Cost Management Systems That Are