According to the IMA, "cost" is "A monetary measure of consuming a resource or its output to achieve a specific managerial objective or making a resource or its output available and not using it."

Name: According to the IMA, "cost" is "A monetary measure of consuming a resource or its output to achieve a specific managerial objective or making a resource or its output available and not using it."
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

This is the definition of cost as provided by the IMA.

According to the IMA, "Cost" Is "A Monetary Measure of Consuming