Costing-system refinements require more data gathering and more analysis,and improvements in information technology have drastically reduced the costs to gather,validate,store,and analyze vast quantities of data.

Question

Quizplus · Accepted Answer

The statement is true, as advancements in information technology have made it easier and cheaper to gather and analyze large amounts of data, which is necessary for refining costing systems.

Costing-System Refinements Require More Data Gathering and More Analysis,and Improvements