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:

Import Quotas

Limits set by a government on the quantity of a certain good that can be imported into a country, used to protect domestic industries.

Tariffs

A tax imposed by a government on goods and services imported from other countries, affecting the price and availability of those items.

Foreign-Produced Automobiles

Cars and other types of vehicles that are manufactured outside of a country's borders and then imported for sale.

Domestic Price

The price of goods or services within a country's borders, exclusive of any tariffs, export fees, or import costs.