Cost Accounting Principles Are an Important Component for Any Organization

Multiple Choice

Cost accounting principles are an important component for any organization that assist management in their decision-making. Additionally, managers rely on accountants to interpret data and provide information to help them understand their business in greater depth. Which of the following choices best represents a strategic plan?

A) Derek is an accountant who has compiled some data for management so that they can increase production over the next year.
B) Shawn is a manager who would like to reduce employee turnover and is meeting with human resources to gather data.
C) Suzanne is an accountant who has compiled an expansion plan for a restaurant to franchise locations and eventually operate in five states.
D) Terrance is a manager who would like to see the retail store where he works implement measures to reduce shrinkage and is estimating the cost to do so.