
Cost Control and Reduction Quiz
Authored by Reena Raj
Other
University
Used 1+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
24 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main objective of cost control?
Increase product features
Increase wages
Ensure costs do not exceed set standards
Increase production time
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a prerequisite for effective cost control?
Vague planning
Flexible budgets
Standard costing system
Absence of feedback
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which tool is most commonly associated with cost control?
Trend analysis
Standard costing
NPV analysis
Ratio analysis
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main aim of cost reduction?
Temporarily lower costs
Reduce quality
Achieve permanent reduction in unit costs without affecting quality
Delay projects
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scope of cost reduction does not include:
Improving product design
Reducing process inefficiencies
Lowering quality below acceptable levels
Streamlining supply chain
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which area is a typical focus of cost reduction programs?
Payroll processing only
All functional areas - production, marketing, administration, etc.
Advertising only
Only R&D departments
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is true about cost control?
It aims at permanent cost minimization
It sets and monitors cost limits
It eliminates standard costing
It focuses on revenue generation
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
20 questions
Cruise Industry
Quiz
•
University
20 questions
Introduction to Chemical Engineering
Quiz
•
University
20 questions
LU 6 Auditing General & application controls quiz
Quiz
•
University
20 questions
Measuring National Income and Output
Quiz
•
University
20 questions
Quiz ODC-Jan 2021
Quiz
•
University
20 questions
Control systems I(Viscosity controller & OMD)
Quiz
•
University
20 questions
Quiz 2. Fun. Dis
Quiz
•
University
20 questions
NDT Webinar Quiz Bee
Quiz
•
University
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
29 questions
Alg. 1 Section 5.1 Coordinate Plane
Quiz
•
9th Grade
22 questions
fractions
Quiz
•
3rd Grade
11 questions
FOREST Effective communication
Lesson
•
KG
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
Discover more resources for Other
12 questions
IREAD Week 4 - Review
Quiz
•
3rd Grade - University
7 questions
Fragments, Run-ons, and Complete Sentences
Interactive video
•
4th Grade - University
7 questions
Renewable and Nonrenewable Resources
Interactive video
•
4th Grade - University
10 questions
DNA Structure and Replication: Crash Course Biology
Interactive video
•
11th Grade - University
5 questions
Inherited and Acquired Traits of Animals
Interactive video
•
4th Grade - University
5 questions
Examining Theme
Interactive video
•
4th Grade - University
20 questions
Implicit vs. Explicit
Quiz
•
6th Grade - University
7 questions
Comparing Fractions
Interactive video
•
1st Grade - University