Changes in cost behavior over time are one source of uncertainty in estimating future costs.

Name: Changes in cost behavior over time are one source of uncertainty in estimating future costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost behavior can change over time due to various factors such as inflation, changes in technology, changes in production methods, and changes in market conditions. These changes can make it difficult to accurately estimate future costs, leading to uncertainty.

Changes in Cost Behavior Over Time Are One Source of Uncertainty