What is meant by the term cost management

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Problem 1: Give four examples of firms you think would be significant users of cost management information and explain why.

Problem 2: Give three examples of firms you think would not be significant users of cost management information and explain why.

Problem 3: What is meant by the term cost management? Who in the typical firm or organization is responsible for cost management?

Problem 4: List four functions of management. Explain what type of cost management information is appropriate for each.

Problem 5: Which is the most important function of management, and why?

Reference no: EM132793295

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