CBA Cost Control & Resource Allocation

Question 1

What is the primary purpose of cost control in budgeting?

Accepted Answer

To ensure expenses align with allocations

Answer

To increase marketing visibility

Answer

To reduce staffing needs

Answer

To meet audit compliance standards

Question 2

Which of the following is a common method of resource allocation in budgeting?

Accepted Answer

Priority-based budgeting

Answer

Historical allocation

Answer

Proportional disbursement

Answer

Across-the-board cuts

Question 3

How can a variance report assist in cost control?

Accepted Answer

They identify budget deviations

Answer

They provide tax calculations

Answer

They summarize employee hours

Answer

They show changes in vendor contracts

Question 4

Which technique helps allocate limited resources to the most critical activities?

Accepted Answer

Cost-benefit analysis

Answer

Depreciation analysis

Answer

Year-end reporting

Answer

Cash accounting

Question 5

What is an effective way to manage unexpected costs during a project?

Accepted Answer

Using contingency reserves

Answer

Cutting salaries temporarily

Answer

Applying for loans

Answer

Freezing departmental budgets

Question 6

Why is monitoring resource utilization important?

Accepted Answer

To ensure efficient use of assets

Answer

To simplify the budgeting process

Answer

To increase payroll frequency

Answer

To comply with union rules