Which processes require one to know how costs change as output changes?
A) planning, controlling
B) recalling and summarizing
C) examining and interpreting
D) analyzing, reporting, and decision making

Question

Quizplus · Accepted Answer

Planning and controlling both involve making decisions about how much output to produce and at what cost. Understanding how costs change as output changes is essential in making informed decisions in these processes. Recalling and summarizing, examining and interpreting, and analyzing, reporting, and decision making may not necessarily require knowledge of cost-output relationships.

Which Processes Require One to Know How Costs Change as Output