An act of making sure, that all the employees must understand the goals is classified as ___________?
Correct answer: B. communication
- A. coordination
- B. communication
- C. annual profit plan
- D. budgetingAccounting & Auditing
Explanation
Communication ensures that employees understand organisational goals and their own responsibilities in achieving them. Coordination aligns activities, but it does not specifically mean conveying the goals.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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