Textbook Problem

Table 15.1 (pg. 585) presents a summary of trends in cost management and cost accounting that have occurred during the past two decades.

1. a. Which trends do you consider most significant? Explain your answer.
2. b. The first footnote to Table 15.1 indicates that additional cause-and-effect relationships could be shown between the items in the right column and those in the left column. Give several examples (with explanations) of those other relationships.