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Questions and Answers
What is the primary focus of cost management accounting?
What is the primary focus of cost management accounting?
- Maximizing revenue and sales
- Expanding market share
- Improving customer satisfaction
- Minimizing costs and maximizing efficiency (correct)
What is the main purpose of cost management accounting?
What is the main purpose of cost management accounting?
- Forecasting future market trends
- Providing information for decision-making and control (correct)
- Managing human resources
- Developing marketing strategies
Which type of costs are typically analyzed in cost management accounting?
Which type of costs are typically analyzed in cost management accounting?
- Historical costs and future costs
- Sunk costs and opportunity costs
- Fixed costs and variable costs (correct)
- Direct costs and indirect costs
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