A Cost Report Showing Budget Overruns on a Project Completed

question 152

Multiple Choice

A cost report showing budget overruns on a project completed during the prior month is an example of which type of control?

• A)Cost control.
• B)Preliminary control.
• C)Feedback control.
• D)Steering control.
• E)Managerial control.

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Definitions:

Product Market

Describes a marketplace where final goods or services are bought and sold, distinguishing it from a factor market.

Enterprise Success

The achievement of desired business outcomes, such as profitability, growth, market share, or innovation, by a company or business enterprise.

Soviet Union

A former federal socialist state in the northern Eurasia that existed from 1922 to 1991, composed of multiple republics, with Moscow as its capital.

Quantity of Output

The total amount of goods or services produced by a firm or industry during a specific time period.