In broader categories, the outcomes of decisions are classified as __________?
Correct answer: D. both B and CAccounting & Auditing
- A. sunk factors
- B. quantitative factors
- C. qualitative factors
- D. both B and CAccounting & Auditing
Explanation
Decision outcomes are commonly evaluated using both quantitative factors, such as costs and revenues, and qualitative factors, such as employee morale or customer satisfaction. Therefore, both categories apply.
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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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