Examination of new plans
Increase in work efficiency
Determination of policies
All of these
Answer is Right!
Answer is Wrong!
The correct answer is D. All of these.
Cost audit is a systematic review of an organization’s costs to determine whether they are reasonable and efficient. It can be used to examine new plans, increase work efficiency, and determine policies.
- Examination of new plans: Cost audit can be used to review the costs of new plans before they are implemented. This can help to ensure that the plans are feasible and that the costs are justified.
- Increase in work efficiency: Cost audit can be used to identify areas where costs can be reduced. This can lead to increased efficiency and productivity.
- Determination of policies: Cost audit can be used to determine the costs of different policies. This information can be used to make decisions about which policies are most cost-effective.
Cost audit is an important tool for organizations that want to control their costs and improve their efficiency. It can be used to identify areas where costs can be reduced, to determine the costs of different policies, and to examine new plans before they are implemented.