Question

Theoretically, a decision maker would probably be willing to buy cost management information if:

A. It is accurate.
B. It is consistent with management objectives.
C. It is timely.
D. Its value is equal to or greater than its cost.

Answer 1

A decision maker would probably be willing to buy cost management information if it is accurate, consistent with management objectives, timely, and its value is equal to or greater than its cost.

Step-by-step explanation:

A decision maker would probably be willing to buy cost management information if:

1. It is accurate. Decision makers need accurate information to make informed decisions and avoid costly mistakes.
2. It is consistent with management objectives. The information should align with the goals and objectives of the organization.
3. It is timely. Timely information is crucial for decision making, as outdated information may lead to missed opportunities or incorrect decisions.
4. Its value is equal to or greater than its cost. Decision makers consider the value they receive from the information compared to the cost of obtaining it. If the value is greater or equal to the cost, they would be willing to buy it.