Which of the Following Is the First Stage in a Cost

question 78

Multiple Choice

Which of the following is the first stage in a cost control program?

• A) measuring actual labor costs incurred
• B) making changes to reduce actual labor and material costs
• C) comparing planned labor and material costs to incurred costs
• D) measuring actual material and process costs incurred
• E) establishing standard or planned cost amounts

---

Definitions:

Mediator

A neutral third party who facilitates negotiations and conflict resolution between disputing parties, aiming to help them reach an agreement.

Enforced in Court

The process of ensuring compliance with laws or legal agreements through judicial intervention.

Mediation

A form of alternative dispute resolution where a neutral third party, the mediator, helps disputing parties find a mutually acceptable solution to their conflict.

Neutral Case Evaluation

A dispute resolution process where an impartial expert assesses the strengths and weaknesses of each side's case, often to facilitate a settlement.