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Why is it important for a Cost Accounting System to be flexible?
  • a)
    Flexibility is not important for a Cost Accounting System
  • b)
    It allows the system to be highly complex
  • c)
    To adapt to changing business situations and needs
  • d)
    To eliminate the need for cost control measures
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Why is it important for a Cost Accounting System to be flexible?a)Flex...
Flexibility in a Cost Accounting System is important because it allows the system to adapt to changing business situations and information needs. It ensures that the system remains relevant and effective over time.
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Why is it important for a Cost Accounting System to be flexible?a)Flexibility is not important for a Cost Accounting Systemb)It allows the system to be highly complexc)To adapt to changing business situations and needsd)To eliminate the need for cost control measuresCorrect answer is option 'C'. Can you explain this answer?
Question Description
Why is it important for a Cost Accounting System to be flexible?a)Flexibility is not important for a Cost Accounting Systemb)It allows the system to be highly complexc)To adapt to changing business situations and needsd)To eliminate the need for cost control measuresCorrect answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Why is it important for a Cost Accounting System to be flexible?a)Flexibility is not important for a Cost Accounting Systemb)It allows the system to be highly complexc)To adapt to changing business situations and needsd)To eliminate the need for cost control measuresCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why is it important for a Cost Accounting System to be flexible?a)Flexibility is not important for a Cost Accounting Systemb)It allows the system to be highly complexc)To adapt to changing business situations and needsd)To eliminate the need for cost control measuresCorrect answer is option 'C'. Can you explain this answer?.
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