Changes in technology, machinery, or production methods may make past cost data irrelevant for future operations.

Name: Changes in technology, machinery, or production methods may make past cost data irrelevant for future operations.
Brand: Quizplus
Rating: 4.7 (37 reviews)

Question

Quizplus · Accepted Answer

New technology, machinery or production methods can change the cost structure of a business, making past cost data irrelevant for future operations. As a result, businesses need to regularly update their cost data to account for changes in their operations.

Changes in Technology, Machinery, or Production Methods May Make Past