An approach in which the managers use the resources to increase customer value is classified as __________?
Correct answer: D. cost management
- A. help management
- B. future managementHire An Accountant
- C. past management
- D. cost management
Explanation
Cost management uses resources efficiently to increase the value received by customers while controlling costs. Past management and future management are not standard names for this approach.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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