Asked by Claudia Holton on Jul 19, 2024
Verified
Typically,what is an organization's largest controllable cost?
A) technological costs
B) capital costs
C) labour costs
D) benefits costs
Controllable Cost
An expense over which a company or individual has the ability to manage or dictate the amount spent.
Labour Costs
The total expenditure incurred by employers to compensate their employees, including wages, benefits, and taxes.
Organization
A structured group of people who come together to achieve common goals, often through a division of tasks, responsibilities, and hierarchical structure.
- Identify the organization's largest controllable costs and strategies to manage them.
Verified Answer
RQ
Randy QuesenberryJul 21, 2024
Final Answer :
C
Explanation :
Labour costs are typically an organization's largest controllable cost, as it involves the salaries, wages, and benefits paid to employees. Unlike capital costs, technological costs, or benefits costs, organizations have more direct control over their labour costs through decisions such as hiring, training, and compensation.
Learning Objectives
- Identify the organization's largest controllable costs and strategies to manage them.