Which of the Following Statements Best Completes This Sentence? 'A

question 52

Multiple Choice

Which of the following statements best completes this sentence? 'A cost is deemed to be controllable by the manager .....'

• A) who has staff authority over that cost.
• B) who has line authority over that cost.
• C) who is next in line to the financial controller of the firm.
• D) who is in the best position to influence that cost in some way.

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Definitions:

Time Horizon

The length of time over which an investment or a project is expected to be pursued or a goal to be achieved.

Operating Plan

A detailed description of how a company's operational activities will be carried out to meet goals and objectives, including production, staffing, and inventory requirements.

Trade Credit

Credit extended by suppliers in which the buyer agrees to pay for goods and services received now at a later date.

Short-Term Loan

a borrowing arrangement designed to provide funds for a short period, typically less than a year, and is used for immediate financial needs.