Multiple Choice
If a firm is successful in meeting its output goal for a period,the firm has been
A) efficient.
B) effective.
C) profitable.
D) exercising cost containment measures.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: Discuss the various elements of the cost
Q11: Effective cost control begins in the planning
Q12: Discretionary activities in an organization are determined
Q13: When a CPA firm uses taped lectures
Q14: The benefits of discretionary costs are usually
Q16: For cost control purposes,fixed costs are classified
Q17: Costs that have been found to bear
Q18: Setting organizational goals and objectives and preparing
Q19: The maximum allowable expenditure is the<br>A)appropriation.<br>B)allowance.<br>C)allocation.<br>D)committed fixed
Q20: If a discretionary cost can be treated