Accurate cost estimates are required by strategic management for all except:
A) To facilitate strategic positioning analysis.
B) To facilitate target costing and life-cycle costing.
C) To facilitate value-chain analysis.
D) Accounting internal control.

Question

Quizplus · Accepted Answer

Accurate cost estimates are not required for accounting internal control, which focuses on ensuring compliance with laws and regulations and recording financial transactions accurately. Accurate cost estimates are needed for facilitating strategic positioning analysis, target costing and life-cycle costing, and value-chain analysis.

Accurate Cost Estimates Are Required by Strategic Management for All