Cost control is a process by means of which managers attempt to reduce costs to the absolute minimum.

Name: Cost control is a process by means of which managers attempt to reduce costs to the absolute minimum.
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Question

Quizplus · Accepted Answer

Cost control is aimed at managing expenses to ensure they do not exceed the budgeted or planned amounts, rather than reducing costs to the absolute minimum, which might compromise quality or efficiency.

Cost Control Is a Process by Means of Which Managers