Which of the following concepts isleast useful for managing costs more effectively?
A)Activity-based management.
B)Value-added and non-value-added activities.
C)The value chain.
D)Generally accepted accounting principles.

Question

Quizplus · Accepted Answer

Generally accepted accounting principles are essential for financial reporting and ensuring compliance with regulations, but they do not directly provide strategies for managing costs more effectively. The other concepts listed (activity-based management, value-added and non-value-added activities, and the value chain) all focus on identifying and eliminating inefficiencies and non-value-added costs in order to improve the overall efficiency and profitability of the organization.

Which of the Following Concepts Isleast Useful for Managing Costs