If a Discretionary Cost Can Be Treated Like an Engineered

question 20

Multiple Choice

If a discretionary cost can be treated like an engineered cost,cost control may be achieved through the use of

• A)program budgeting.
• B)zero-base budgeting.
• C)capital budgeting.
• D)flexible budgeting.

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Definitions:

Accounts Receivable

Receivables from clients for goods or services a company has provided but has not yet received payment for.

Managing Collections

The process of overseeing and ensuring the timely collection of accounts receivable to maintain a company's cash flow.

Petty Cash Fund

A little sum of money maintained readily available for covering small costs instantly.

General Journal Entry

A basic accounting record where financial transactions are initially recorded.