The type of management which broadens the focus of accounting because it is concerned with factors that drive costs, such as cycle time and process productivity is called:.
A)Cost accounting
B)Cost management
C)Financial management
D)Financial accounting

Question

Quizplus · Accepted Answer

Cost management is the type of management that focuses on factors that drive costs and helps in improving the efficiency and productivity of various processes. Cost accounting deals with recording and analyzing costs, financial management focuses on managing finances, and financial accounting deals with preparing financial statements for external stakeholders.

The Type of Management Which Broadens the Focus of Accounting