[term1]-cost approach is used when costs are mainly variable…

-cost approach is used when costs are mainly variable and controllable, outputs are well-defined, and the focus is on evaluation, while -cost approach is used when costs are mainly fixed and uncontrollable, outputs are ill-defined, and the focus is on planning (two words, 0.5 point each, 1 point total).

[term1]-cost approach is used when costs are mainly variable…

-cost approach is used when costs are mainly variable and controllable, outputs are well-defined, and the focus is on evaluation, while -cost approach is used when costs are mainly fixed and uncontrollable, outputs are ill-defined, and the focus is on planning (two words, 0.5 point each, 1 point total).