Subject category:
Finance, Accounting and Control
Published by:
Darden Business Publishing
Version: 20 March 2025
Length: 5 pages
Data source: Published sources
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Abstract
This note highlights the importance of costs in management decision-making, focusing specifically on the notion that costs that should be considered when making decisions depends on the decision at hand. Several cost classifications are discussed: direct and indirect costs, product and period costs, and variable and fixed costs.
About
Abstract
This note highlights the importance of costs in management decision-making, focusing specifically on the notion that costs that should be considered when making decisions depends on the decision at hand. Several cost classifications are discussed: direct and indirect costs, product and period costs, and variable and fixed costs.