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

Question

Quizplus · Accepted Answer

Planning, controlling, and decision making are all activities that require knowledge of how costs change as output changes. This allows managers to make informed decisions about pricing, production levels, and resource allocation. Analyzing, reporting, and decision making may also involve this knowledge, but it is not specifically stated as a requirement. Examining and interpreting and recalling and summarizing do not necessarily involve understanding cost behavior.

Which of the Following Processes Requires One to Know How