Strategic Cost Management Is

question 66

Multiple Choice

Strategic cost management is:

• A) the process of determining cost drivers.
• B) the recognition of the importance of cost relationships among the activities in the value chain.
• C) the process of managing cost relationships to the firm's advantage.
• D) cost-causing factors.
• E) two of the answers are correct.

---

Definitions:

Unionization Rates

The percentage of a workforce that is a member of a union or covered by a union contract.

Union Certification Elections

Union Certification Elections are formal voting processes conducted to determine whether a majority of employees wish to be represented by a union in collective bargaining with their employer.

Labour Relations Board

A regulatory body that oversees labor relations and disputes, ensuring fair practices and compliance with labor laws.

Organizing Process

A systematic method used in management to align and arrange resources and tasks to achieve specific goals and objectives efficiently.