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Which of the following steps is not one of the five steps in implementing a cost...

Which of the following steps is not one of the five steps in implementing a cost control system?

a.View cost control as a long-run process not a short-term solution.

b.Investigate and understand the types of costs incurred by the organization.

c. Motivate employees through education and incentives.

d.Communicate the need for cost consciousness to customers.

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Answer #1

Answer:

Correct answer is:

d. Communicate the need for cost consciousness to customers.

Explanation:

Communicate the need for cost consciousness to customers is not one of the five steps in implementing a cost control system The other 3 options are part of five steps which includes Planning, Defining and setting standards,communicating to and motivating employees, measurement and analysis, and Reporting and actions  ..

As such option D is correct and other options A, B and C are incorrect.

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