A manager might not be as confident in her ability to estimate costs for large, one-of-a-kind projects

Question:

A manager might not be as confident in her ability to estimate costs for large, one-of-a-kind projects as for smaller decisions that are of a routine nature.
Yet, we might prefer account classification for large projects and mechanical methods such as the highlow method for smaller, routine decisions. Explain this seeming inconsistency.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

Question Posted: