The basis of all economic management of the company is the perfect knowledge of costs. Cost management is essential to the company; with good cost ...

The basis of all economic management of the company is the perfect knowledge of costs. Cost management is essential to the company; with good cost management, which goes through both the adequate planning of the selling price of the product and the management of raw materials, the company begins to have greater control over its expenses, eliminating waste and thus being able to prosper more and more. I) The cost includes: value of raw material acquired from other companies; value of services provided by individuals (labor); value of services provided by other companies (transportation company, electricity, water, gas, etc.).

I) The cost includes: value of raw material acquired from other companies; value of services provided by individuals (labor); value of services provided by other companies (transportation company, electricity, water, gas, etc.).
1. True
2. False