Question: Can youDifferentiate between functional based costing and activity based costing. And Comment on cost distortions commonly observed in traditional costing systems.

Can youDifferentiate between functional based costing and activity based costing. And Comment on cost distortions commonly observed in traditional costing systems.

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The facts rule: We have a tendency to have more confidence in information that is documented with figures than information that isnt.

The permanence rule: We tend to have more confidence in information that is of a more permanent nature than information that is of a temporary nature.

The official stamp rule: We tend to have more confidence in information that is exempt from the Freedom of Information Act than if the same information was made readily available.