Cost _____ is broader in scope and comprises costing, cost accounting cost control and cost audit.
Answers
Answer:
Heating as a transfer of energy
thermal
heat
temperature
In the last chapter we looked at thermal systems. The thermal energy of an object is the amount of energy it has inside of it, in other words, its internal energy. In a thermal system, thermal energy is transferred from one object to another. Heat is the transfer of thermal energy from a system to its surroundings or from one object to another. This transfer of energy is from the object at a higher temperature to the object at a lower temperature.
It is very important to know that, in science, heat and temperature are not the same thing.
Heat is the transfer of thermal energy from a system to its surroundings or from one object to another as a result of a difference in temperature. Heat is measured in joules (J). This is because heat is a transfer of energy.
Temperature is a measure of how hot or cold a substance feels and it is measured in degrees Celsius (°C). Temperature is a measure of the average kinetic energy of the particles in an object or system. We use a thermometer to measure the temperature of an object or substance
Answer: The answer is management.
Cost management is broader in scope and comprises costing, cost accounting, cost control and cost audit.
Management: Management, as defined by some, is "a distinct process that consists of planning, organizing, actuating, and controlling; employing in each both science and art, and pursued in order to reach pre-determined objectives."
Step-by-step explanation:
- In order to effectively manage costs, one must first identify such costs and then assign priorities to them.
- Gathering, analyzing, and reporting on relevant cost data can help improve budgeting, forecasting, and keeping tabs on spending.
- This can be accomplished by tracking down and reporting on relevant cost data.
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