Which of the Following Is True About Tracking Your Expenses

question 22

Multiple Choice

Which of the following is true about tracking your expenses?

• A) Many spending habits are so routine that their cumulative impact is not fully recognized.
• B) Tracking your expenses helps expose spending patterns and their impact.
• C) Once you're fully aware of expenses, you can make changes that will save you money over time.
• D) All of these answer choices are correct.

---

Definitions:

Cost Leader

A company that gains a competitive advantage by offering its products or services at a lower price than its competitors without sacrificing quality.

Support Activity

Activities within an organization that assist in providing value to customers but do not directly contribute to the primary product or service.

Inbound Logistics

Inbound Logistics refers to the transport, storage, and delivery of goods coming into a business, an essential component of supply chain management, focusing on receiving and handling materials and supplies.

Competitive Forces Model

A business framework devised by Michael Porter that analyzes competitiveness by recognizing five major forces that could endanger a company’s position.