The balancing of all aspects of products or services and all the departments in the company are classified as ____________?
Correct answer: C. coordination
- A. annual profit plan
- B. budgeting
- C. coordination
- D. complex plan
Explanation
Coordination means balancing and integrating the activities of different departments and the various aspects of products or services. Budgeting is the broader planning process through which this coordination may be achieved.
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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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