When Is a Cost Considered to Be Controllable

question 47

Multiple Choice

When is a cost considered to be controllable?

• A)Only when the manager has the power to incur the cost within a given time period
• B)Only if the cost is less than the budget amount
• C)Only when it is a variable cost
• D)Only when the amount changes based on different activity levels

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Definitions:

Group Development

The stages or phases that a team undergoes from formation to achieving effectiveness and accomplishing its objectives.

Confusion

A state of being bewildered or unclear in one’s mind about something, often resulting from lack of understanding or clarity.

Groupthink

A deterioration of mental efficiency, reality testing, and moral judgment in the interest of group solidarity; extreme form of consensus

Harmony

A state of agreement or concord, often used to describe peaceful and coherent relationships among individuals or elements within a whole.