QUALITATIVE QUESTIONS (10 POINTS)

3. Consider the following statement:

"Full cost information provides managers with the most accurate information for making

short-term decisions"

Do you agree or disagree, AND WHY? Justify your position.

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4. Consider the following statement:

"Of the various ways of classifying costs, the most important is by behavior - whether costs

are fixed or variable"

Do you agree or disagree, AND WHY? Justify your position.