Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins

Exercise 25

Cost management has evolved from a focus on measurement to one of identifying those measures that are critical to the organization's success. Given this new focus, indicate which one of the following types of cost management systems cost managers are likely to be striving for.
A) Basic transaction reporting systems
B) A system that focuses on reliable financial reports
C) A system that tracks key operating data and uses more accurate and relevant cost information for decision making
D) A system in which strategically relevant cost management information is an integral part