________ is the collection of cost data in some organised way by means of an accounting system.
A)Benchmarking
B)Market research
C)Cost accumulation
D)Budgeting

Question

Quizplus · Accepted Answer

Cost accumulation refers to the systematic gathering of cost data in an organised way through an accounting system. Benchmarking involves comparing performance with industry leaders, market research involves gathering information about customer needs and preferences, and budgeting involves setting financial goals and allocating resources to achieve them. Therefore, the most appropriate choice for the given statement is cost accumulation.

________ Is the Collection of Cost Data in Some Organised