GFEBS L230E: COST MANAGEMENT
PROCESS OVERVIEW COURSE
ASSESSMENT. EXAM 2025 QUESTIONS
AND ANSWERS
A Business Process is a unit of the organization from a costing perspective and is used to collect
costs. Business Processes are used to track and manage costs for responsibility segments of the
Army. - ANS FALSE
_____________ allows the manager to plot out the costs expected to be incurred during the
coming year as they work to accomplish their assigned mission and provide goods and services
to their customers. - ANS Cost planning
is where managers and leaders, using the results of their cost analysis as decision support,
implement those changes and enhancements that ultimately move us towards a more efficient
Army. - ANS COST PLANNING
Cost Management in GFEBS consists of Cost Accounting, Cost Planning, Cost Controlling, Cost
Analysis, and Cost Testing. - ANS FALSE
Assignments, rather than Allocations, should be utilized where possible unless the quantities of
products and services cannot be tracked or are cost prohibitive - ANS TRUE
__________ is cost master data that represents a group of resources within a Cost Center.
These resource groups have capacity and a unit of measure such as: labor hours, machine
hours, square footage, etc. - ANS Activity type
1 Copyright ©2025 SIRJOEL ALL RIGHTS RESERVED
PROCESS OVERVIEW COURSE
ASSESSMENT. EXAM 2025 QUESTIONS
AND ANSWERS
A Business Process is a unit of the organization from a costing perspective and is used to collect
costs. Business Processes are used to track and manage costs for responsibility segments of the
Army. - ANS FALSE
_____________ allows the manager to plot out the costs expected to be incurred during the
coming year as they work to accomplish their assigned mission and provide goods and services
to their customers. - ANS Cost planning
is where managers and leaders, using the results of their cost analysis as decision support,
implement those changes and enhancements that ultimately move us towards a more efficient
Army. - ANS COST PLANNING
Cost Management in GFEBS consists of Cost Accounting, Cost Planning, Cost Controlling, Cost
Analysis, and Cost Testing. - ANS FALSE
Assignments, rather than Allocations, should be utilized where possible unless the quantities of
products and services cannot be tracked or are cost prohibitive - ANS TRUE
__________ is cost master data that represents a group of resources within a Cost Center.
These resource groups have capacity and a unit of measure such as: labor hours, machine
hours, square footage, etc. - ANS Activity type
1 Copyright ©2025 SIRJOEL ALL RIGHTS RESERVED
