The fishbone diagram is an example of _________?
Correct answer: C. cause and effect diagram
- A. relevant costing diagram
- B. control chart
- C. cause and effect diagram
- D. Pareto diagram
Explanation
A fishbone diagram, also called an Ishikawa diagram, organizes possible causes of a particular problem or effect. It is therefore a cause-and-effect diagram, not a control chart or Pareto diagram.
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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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