Which of the following is not a characteristic of an effective cost system?

Name: Which of the following is not a characteristic of an effective cost system?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A cost system can be effective without being Generally Accepted Accounting Principles (GAAP) compliant. While adhering to GAAP principles is important for financial reporting, an effective cost system should be decision-focused, provide different costs for different purposes, and undergo cost-benefit tests to ensure efficiency and accuracy.

Which of the Following Is Not a Characteristic of an Effective