The Method Used by Managers When Comparing Unit Costs with Budgeted

question 91

Multiple Choice

The method used by managers when comparing unit costs with budgeted costs or other measures is broadly known as:

• A)Sales management.
• B)Cost control.
• C)Employee evaluation.
• D)Account reconciliation.

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Definitions:

Arbitration

A method of dispute resolution where an impartial third party makes a binding decision to resolve a disagreement between parties, often used in labor disputes.

National Mediation Board

A federal agency that facilitates and mediates labor-management relations within the United States' railroad and airline industries.

Railway Labor Act

A 1926 United States federal law that governs labor relations in the railway and airline industries, aiming to avoid service disruptions.

Third Party Dispute

A conflict involving an external party to assist or decide in the resolution process between two other parties, commonly found in mediation or arbitration scenarios.