Q8
Decisions regarding usage of material, kind and changes in plant processing are a part of
A.
past management
B.
future management
C.
help management
D.
cost management
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Decisions regarding usage of material, kind and changes in plant processing are a part of 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.