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What is Cost Control?

10. What is Cost Control?

  1. The point at which total cost and total revenue are equal
  2. Difference between the intrinsic value of a stock and its market price
  3. The financial calculation weighs the costs of a new business
  4. The practice of identifying and reducing business expenses to increase profits

Answer: D) The practice of identifying and reducing business expenses to increase profits

Explanation:

Cost control is the act of recognizing and lessening operational expenses to expand benefits, and it begins with the planning system. An entrepreneur contrasts the organization's genuine monetary outcomes and the planned assumptions, and if real expenses are higher than arranged, the executives have the data it needs to make a move.

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