The process of ensuring preventive measure to be done in all machines is classified as _________?
Correct answer: D. potential management response
- A. potential price response
- B. potential cost response
- C. potential budget response
- D. potential management response
Explanation
Ensuring preventive maintenance or preventive measures across machines is a management action designed to prevent breakdowns and improve operational control. It is therefore classified as a potential management response.
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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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