The key to effective cost control is waiting to address negative cost variances and cost inefficiencies after they are identified.

Question

Quizplus · Accepted Answer

The key to effective cost control is to identify negative cost variances and cost inefficiencies as early as possible, and to address them proactively rather than waiting until they become larger problems. This allows for timely adjustments and corrective actions to be taken before costs spiral out of control.

The Key to Effective Cost Control Is Waiting to Address