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Briefly explain the FOLLOWING cost management system objectives. Be sure to illustrate your answer using some examples. (Maximum 150 word) DON'T COPY ANY ANSWER! PLEASE
Briefly explain the FOLLOWING cost management system objectives. Be sure to illustrate your answer using some examples. (Maximum 150 word)
DON'T COPY ANY ANSWER! PLEASE ANSWER IN YOUR WORDS
- Measure the cost of resources consumed
- identify, and eliminate non-value-added costs.
- determine efficiency and effectiveness of major activities.
- identify and evaluate new activities that can improve performance.
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