A cost-effective control system
A) provides a satisfactory return on investment.
B) provides financial penalties for departments that exceed budget.
C) eliminates the need for hiring outside consultants.
D) approaches being totally automated.

Question

Quizplus · Accepted Answer

A cost-effective control system should provide a satisfactory return on investment, meaning the benefits gained from implementing the system should outweigh the costs. Financial penalties for departments that exceed budget and eliminating the need for hiring outside consultants may reduce costs, but they do not necessarily provide a satisfactory return on investment. Approaching being totally automated may improve efficiency, but it does not guarantee cost-effectiveness.

A Cost-Effective Control System