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Which of the following statements which relate to cost management is likely to be true: 1 . When deciding on which cost management action to

Which of the following statements which relate to cost management is likely to be true:
1. When deciding on which cost management action to take, the decision maker only needs to rely on cost accounting information
2. Cost management involves the consideration of only the long run time frame (and not the short run time frame)
3. The terms "cost management" and "cost accounting" can be used interchangeably (i.e., are terms that have the same meaning)
Group of answer choices
Statement 1 only
Statement 2 only
Statement 3 only
Statement 1 and 2 only
None of the statements is true

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