Knowing how costs change as output changes is essential to
A) planning and controlling.
B) controlling and decision making.
C) planning, controlling and decision making.
D) None of these are correct.

Question

Quizplus · Accepted Answer

Knowing how costs change as output changes is beneficial for all aspects of business operations, including planning, controlling, and decision making. This information helps businesses to make informed decisions about pricing strategies, production levels, and other key factors that influence profitability. Therefore, planning, controlling, and decision making are all important aspects of using cost-output relationships effectively.

Knowing How Costs Change as Output Changes Is Essential to