In cost benefit approach, the type of costs include ____________?
Correct answer: D. all of above
- A. cost of ongoing operations
- B. investments in physical assets
- C. training of managers
- D. all of above
Explanation
A cost-benefit analysis can include recurring operating costs, capital investment in physical assets and employee or management training costs. Therefore, all three listed cost types may be included.
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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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