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Which of the following is a key component of cost control?

Practice Questions

1 question
Q1
Which of the following is a key component of cost control?
  1. Setting performance standards
  2. Increasing production volume
  3. Reducing selling prices
  4. Eliminating fixed costs

Questions & Step-by-step Solutions

1 item
Q
Q: Which of the following is a key component of cost control?
Solution: Setting performance standards is a key component of cost control, as it provides benchmarks for evaluating performance.
Steps: 0

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