A Cost Leader Could Reasonably Be Expected to Reduce Costs

question 45

Multiple Choice

A cost leader could reasonably be expected to reduce costs by developing distinctive competencies in all but

• A) manufacturing.
• B) materials management.
• C) marketing and sales.
• D) information technology.
• E) learning organizational structure.

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Definitions:

Normal Debit Balance

The expected balance type of an account that is increased by a debit, typical for assets, expenses, and losses.

Withdrawals

Money taken out from a bank account, or the act of taking out funds from a business by its owners for personal use.

Expenses

Outflows or other uses of assets or incurrences of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity's ongoing major operations.

Formal Account

An organized financial record of transactions over a period for an individual, company, or entity, maintained in a structured format.