answersLogoWhite

0

Cost information refers to data related to the expenses incurred by a business in its operations, such as the cost of producing goods or services, overhead costs, and other expenditures. This information is crucial for decision-making, budgeting, pricing strategies, and evaluating the financial performance of a company.

User Avatar

AnswerBot

1y ago

What else can I help you with?

Continue Learning about Information Science

What are the various ways of assessing the value of information explain each methods briefly?

Market-based method: Value of information is determined by how much individuals are willing to pay for it in the market, such as through subscription fees or sales of data. Cost-based method: Considers the cost of acquiring and processing information to determine its value, assessing the expenses incurred in gathering and analyzing the data. Decision-based method: Evaluates the impact of information on decision-making processes and outcomes, measuring its value based on the improvement in decision quality or risk reduction.


What is the characteristic of good information?

Good information is accurate, relevant, timely, and easily understandable. It should be reliable, coming from credible sources and free from bias. Additionally, good information should be able to help in making informed decisions or solving problems.


What is the statement that most accurately applies to online sources of market research information?

Online sources of market research information are easily accessible and cost-effective compared to traditional methods. However, the reliability and accuracy of the information may vary, so it is important to evaluate the credibility of the source before making business decisions based on this data.


What is the federal information modernization act?

The Federal Information Technology Acquisition Reform Act, also known as FITARA, is a U.S. federal law enacted in 2014 aimed at improving federal information technology (IT) management. It seeks to enhance oversight and management of IT resources across federal agencies, increase transparency, and promote efficiency and cost savings.


What are the qualities of a good information system?

A good information system should be reliable, accurate, secure, user-friendly, and timely. It should also be able to efficiently collect, store, process, and distribute information to support the organization's goals and decision-making processes.

Related Questions

Where can you find cost of living information for anywhere?

Check out http:\\www.earthcosts.com. That site has information on cost of living for hundreds of places.


What is cost benefit principle?

Ensures that the value of information exceeds the cost of providing it.


Where can I go to get information for the cost of gastric bypass surgeries?

http://www.obeseinfo.com/ would be a great site to get information on cost of gastric bypass surgeries. The site gives you a lot of information on the topic.


Define the statement A marketing information system is an investment not a cost?

mis is investment not a cost


How much does it cost to advertise information in a newspaper for Northern Alabama?

it cost about 5000 dollars.


Where is information on cost of living by state statistics located?

I recently got a job offer in another state. Where can I locate cost of living information by state?


Where can one find updated information on the cost of living in Cyprus?

There are several locations where one can find updated information on the cost of living in Cyprus. For example, one can consult the CIA World Fact Book to find updated information on the cost of living in Cyprus.


Which of the following is a benefit of information communication technology?

cost reduction


Where can I find more information on cost segregation services?

There are a variety of websites that offer information on cost segregation services. Have a look at http://www.uscostsegregation.com/ AND http://www.costsegserve.com/


How much does it cost to have a ccna training course?

CNNA training course can cost up to $225 or more. you can go to www.gatlineducation.com to obtain more information on how much it will cost along with other information that you may need.


Challenges of management information system?

cost of training


What are the constraints affecting accounting information?

Materiality and cost