_______________ broadens the focus of accounting because it is concerned with factors that drive costs, such as cycle time and process productivity.
A) Cost accounting
B) Cost management
C) Financial management
D) Financial accounting

Question

Quizplus · Accepted Answer

Cost management includes cost accounting, but also goes beyond it to look at all factors that can influence costs, including process productivity and cycle time. Financial management and financial accounting focus on financial reporting and analysis, not specifically on cost management.

_______________ Broadens the Focus of Accounting Because It Is Concerned