True or False: Implementing a modern costing approach often results in short-term declines in profitability.

Question

Quizplus · Accepted Answer

This is true. Implementing a modern costing approach often results in short-term declines in profitability as it requires investment in new technology, staff training, and changes in processes. However, the long-term benefits of accurate and efficient costing can lead to increased profitability.

True or False: Implementing a Modern Costing Approach Often Results