High quality cost management systems should have an organization-wide perspective. Which of the following would NOT be a benefit of a cost management system?
A)increases speed by ignoring non-financial information
B)reduces duplicate data storage and use of data
C)improves timeliness of reports
D)increases the efficiency of generating reliable and accurate information

Question

Quizplus · Accepted Answer

Ignoring non-financial information could lead to incomplete and inaccurate cost management information. All other options are benefits of a high quality cost management system.

High Quality Cost Management Systems Should Have an Organization-Wide Perspective