The benefit of ongoing cost information to manager about jobs is that the information helps managers when they bid on new job opportunities while old jobs are in process.

Question

Quizplus · Accepted Answer

Ongoing cost information helps managers accurately assess the profitability of current jobs and plan for future ones by providing critical data on labor, materials, and other expenses. By using this information to better understand their costs and margins, managers can bid more competitively on new job opportunities without jeopardizing profitability on existing projects.

The Benefit of Ongoing Cost Information to Manager About Jobs