Q25
An approach in which managers use resources to increase customer value is classified as
A.
help management
B.
cost management
AnswerC.
past management
D.
future management
Answer: Option B
Solution
Answer: Option B
Solution:
An approach in which managers use resources to increase customer value is classified as cost management. Cost management is the process of planning and controlling the budget of a business. Cost management is a form of management accounting that allows a business to predict impending expenditures to help reduce the chance of going over budget.