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IN YOUR WORDS, Briefly explain the FOLLOWING cost management system objectives. Be sure to illustrate your answer using some examples. (Maximum 150 word) - Measure

IN YOUR WORDS,

Briefly explain the FOLLOWING cost management system objectives. Be sure to illustrate your answer using some examples. (Maximum 150 word)

- 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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