The cost management technique which specially addresses strategic issues is classified as ____________?
Correct answer: C. strategic cost management
- A. address management
- B. issue management
- C. strategic cost management
- D. managerial costGet Executive Coaching
Explanation
Strategic cost management links cost information with long-term competitive and strategic decisions, rather than addressing isolated operational issues. The other terms are not established cost-management techniques.
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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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