Cost management describes quizlet

  • What describes cost management that specifically focuses on strategic issues?

    Strategic cost management describes cost management that specifically focuses on strategic issues..

  • What do you mean by cost management accounting?

    Cost management is a form of management accounting that helps a business reduce the chance of going over budget with more accurate forecasts of impending expenditures.
    Many businesses use cost management tactics for specific projects and for the overall business..

  • What is a cost management system best described as?

    Cost management is the process of planning and controlling the costs associated with running a business.
    It includes collecting, analyzing and reporting cost information to more effectively budget, forecast and monitor costs..

  • What is meant by cost management and what are its advantages?

    Cost management is the process of estimating, allocating, and controlling project costs.
    The cost management process allows a business to predict future expenses to reduce the chances of budget overrun.
    Projected costs are calculated during the planning phase of a project and must be approved before work begins..

  • Cost management is a process that involves creating estimations, preparing budgets and controlling costs.
    The objective of this type of management is to increase an organisation's productivity and enhance profitability.
  • Strategic cost management describes cost management that specifically focuses on strategic issues.
"Cost management" describes. the actions by managers to increase value for customers while continuously reducing and controlling costs. Do you agree that prior management decisions affect cost management? Yes.
"Cost management" describes. the actions by managers to increase value for customers while continuously reducing and controlling costs. Do you agree that 

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