GFEBS L230E: Cost Management Process Overview Course Assessment COMPLETED 2023

d is used to collect costs. Business Processes are used to track and manage costs for responsibility segments of the Army.: FALSE 2. _____________ 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.: Cost planning 3. 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.: COST PLANNING 4. Cost Management in GFEBS consists of Cost Accounting, Cost Planning, Cost Controlling, Cost Analysis, and Cost Testing.: FALSE 5. Assignments, rather than Allocations, should be utilized where possible unless the quantities of products and services cannot be tracked or are cost prohibitive: TRUE 6. __________ 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.: Activity type 7. Knowing your obligations is the same as knowing your costs.: FALSE 8. _______ is predicting future dollars, quantities, and outputs, based on expected requirements and/or workload.: Forecasting 9. The Actual Cost Line Item Report and the Cost by Report are both ECC reports: FALSE 10. The following reports are all examples of ECC reports: Cost By Report, Unit Cost Report, Detailed Labor Cost Report, and Payroll Audit Report.: - FALSE 11. GFEBS will only provide standard reports.: False 12. __________ 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.: Cost controlling 13. ECC reporting is modular and provides data in real-time, whereas BI reporting allows for cross-modular reports using near real-time data.: True 14. A (an)________________ is a unit of measure, including quantity or time, by which costs are reported. For example, number of people (headcount) served by a dining facility.: 1 / 2 G