Managers Set Cost Reduction Targets in Terms of Reducing the Cost

question 174

Multiple Choice

Managers set cost reduction targets in terms of reducing the cost per unit of the activity:

• A)cost pools.
• B)cost analysis.
• C)cost savings.
• D)cost drivers.

---

Definitions:

Work in Process

Goods that are in various stages of the production process, but which are not yet finished products.

Requisition

An official request or demand for goods or services, typically within an organizational setting.

Storeroom

A room or area where materials, goods, supplies, etc., are kept for future use.

Work in Process

Goods that are currently being manufactured but are not yet completed, representing a stage between raw materials and finished goods inventory.