Traditional methods of cost accounting are still appropriate in today's business environment.

Name: Traditional methods of cost accounting are still appropriate in today's business environment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Traditional methods of cost accounting have limitations and may not accurately reflect the true cost of products or services in today's complex business environment. Alternative methods such as activity-based costing and lean accounting are becoming more popular.

Traditional Methods of Cost Accounting Are Still Appropriate in Today's