Examlex
Which one of the following is a cost control and cost reduction technique that helps managers control operations by focusing primarily on material costs?
State And Local Governments
The subdivisions of the federal government with their own specific powers and responsibilities, managing local affairs and providing public services.
Higher Interest Rate
An increased cost of borrowing money reflected in the percentage charged on the principal amount by lenders to borrowers.
Financially Shaky Corporations
Companies that are experiencing financial instability or distress, potentially leading to increased risk for investors and creditors.
Financial Intermediaries
Institutions that act as middlemen between savers and borrowers, facilitating the flow of funds in the financial system, such as banks and investment companies.
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