THE CONTROL PROCESS

THE CONTROL PROCESS

University

10 Qs

quiz-placeholder

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BASIC COST CONTROL

BASIC COST CONTROL

University

10 Qs

THE CONTROL PROCESS

THE CONTROL PROCESS

Assessment

Quiz

Education, Other

University

Hard

Created by

Drs. M.M

Used 16+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Control is a process used by managers to direct, regulate, & restrain the actions of people so that the ESTABLISHED OBJECTIVES & GOALS of an enterprise can be ...............

performanced

Planned

achieved

directed

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The following is an example of cost control in a company except ...

Providing insurance for health to all employees

Reduction of overtime

Food cost control

purchase of non-budget goods

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Cost control is defined as the process used by .......... to regulate costs & guard against excessive costs

everyone

employees

managers

supervisors

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The process is cost control chain from : ............., Receiving, Storing, Issuing, preparing for sale, includes Training & scheduling.

Planning

Purchasing

Estimating

Budgeting

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The following are the main places are where excessive costs are found: Material, ......... and Overhead expenses

Services

Money

Vendor

Labor

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The following are cost control techniques, except ...

Record & Reporting

excessive purchasing

Establishing Standards

Establishing Procedures

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The standards are usually set by the management which are useful in judging the extent to which results meet the expectations : Quality Standards, Quantity standards and ......

Healthy standards

Research standars

Sales standards

Cost standards.

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