ECON 232

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CHAPTER 2: ACCOUNTING FOR MATERIALS Student: 1. An effective cost control system should include: A. An established plan of objectives and goals to be achieved. B. Regular reports showing the difference between goals and actual performance. C. Specific assignment of duties and responsibilities. D. All of these are correct. 2. To effectively control materials, a business must maintain: A. Limited access. B. Combination of duties. C. Safety stock. D. None of these are correc...

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ECON 232 • ECON 232