Science · Financial Management in Libraries
What is the primary difference between 'Macro Costing' and 'Micro Costing'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Macro costing is for small libraries; micro costing is for large systems
- 2Macro costing determines direct costs; micro costing determines indirect costs
- 3Macro costing analyzes the entire system for future trends; micro costing breaks the system into units to find specific unit costs✓
- 4Macro costing uses work measurement; micro costing uses the ingredient method
Correct answer
Macro costing analyzes the entire system for future trends; micro costing breaks the system into units to find specific unit costs
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