Which of the following is an example of a strategic management decision that uses cost information?
A) determining the ending balance of Merchandise Inventory for financial reporting to external users
B) determining the product mix
C) assessing a cost control program in a factory
D) determining the amount of Cost of Goods Sold for financial reporting to external users

Question

Quizplus · Accepted Answer

Determining the product mix is a strategic management decision that uses cost information, as it involves analyzing the costs and revenues of different products to determine the most profitable combination. The other options are more related to financial reporting and traditional accounting functions.

Which of the Following Is an Example of a Strategic