Which of the following best describes the type of information that cost management must provide that is important for the success of the organization?
A)Information of a record keeping nature.
B)Reported financial information.
C)Reported nonfinancial information.
D)Information that addresses the strategic objectives of the organization.
E)Long-term planning information.

Question

Quizplus · Accepted Answer

Cost management must provide information that addresses the strategic objectives of the organization because it helps in identifying areas for cost reduction, process improvements, and strategic decision making. It is important to ensure that cost management decisions align with the overall strategic direction of the organization. While record keeping, reported financial and nonfinancial information, and long-term planning information are important, they may not necessarily be directly related to the success of the organization if they do not align with the strategic objectives.

Which of the Following Best Describes the Type of Information