Balancing of all aspects of products or services and all departments in company are classified as
A. annual profit plan
B. budgeting
C. coordination
D. complex plan
Answer: Option C
Solution(By Examveda Team)
Balancing of all aspects of products or services and all departments in company are classified as coordination. Coordination is the essence of management and an integral part of all the managerial functions.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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