The primary disadvantage of engineering methods for measuring cost functions is that they deal with the managerial and entrepreneurial aspects of the production process or plant.

Question

Quizplus · Accepted Answer

The statement is incorrect. The primary disadvantage of engineering methods for measuring cost functions is that they tend to be narrowly focused on the physical aspects of production and may not consider other important factors such as labor costs or market demand.

The Primary Disadvantage of Engineering Methods for Measuring Cost Functions