Which of the following most accurately describes what is included in cost management information?
A)Only the most up-to-date, accurate financial information available on a firm.
B)All the non-financial information about a firm researched and analyzed for a minimum of 2 years.
C)A combination of financial information and relevant non-financial information.
D)A detailed report outlining how management currently handles all of a company's costs, and the changes it intends to make in the future.

Question

Quizplus · Accepted Answer

Cost management information typically includes a combination of financial information (such as budgets, actual costs, and forecasts) and relevant non-financial information (such as customer satisfaction ratings or employee productivity). This information is used to help managers make informed decisions about controlling costs and improving overall business performance. Neither A, B, nor D accurately describes what is included in cost management information.

Which of the Following Most Accurately Describes What Is Included