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  2. Topic
    Business
  3. Study Set
    Cost Management Strategies
  4. Exam
    Exam 16: Standard Costing, Variance Analysis, and Kaizen Costing
  5. Question
    Because a Key Objective of Cost Management Systems Is the Elimination
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Because a Key Objective of Cost Management Systems Is the Elimination

Question 12

Question 12

True/False

Because a key objective of cost management systems is the elimination of non-value-added costs, standards need to be revised frequently in order to remain valid for cost control purposes.

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