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Posts tagged as “testbanks”

Basic Cost Management Concepts

Basic Cost Management Concepts The cost management information system is primarily concerned with producing outputs for internal users using inputs and processes needed to satisfy management objectives. True False ANSWER: True The Financial accounting information system provides information for three broad objectives: costing services and products, planning and control, and decision making. True False ANSWER: False The value chain is the set of activities required to design, develop, produce, market, deliver and provide post-sales service for the products and services sold to customers. True False ANSWER: True Cost management information benefits production, marketing, and customer service systems as well as…