Which of the following best describes the type of information that cost management must provide that is important for the success of the organization?
A)Short term information for decision making.
B)Reported financial information.
C)Reported nonfinancial information.
D)Information that addresses the strategic objectives of the organization.
E)Long-term planning information.

Question

Quizplus · Accepted Answer

Cost management must provide information that aligns with the strategic objectives of the organization to ensure the success of the organization in the long-term. Short-term and long-term planning information may be important, but it must also align with the organization's overall strategy. Reported financial and nonfinancial information may be a part of this, but they alone do not necessarily address strategic objectives.

Which of the Following Best Describes the Type of Information