Effective cost control begins in the planning stage of the management cycle.

Name: Effective cost control begins in the planning stage of the management cycle.
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Question

Quizplus · Accepted Answer

Effective cost control requires careful planning and budgeting in order to identify potential areas of overspending and set clear goals and targets for cost management. Without this initial planning stage, it can be difficult to effectively monitor and control costs throughout the management cycle.

Effective Cost Control Begins in the Planning Stage of the Management