... the best means of cost control Cost consciousness reflects cost understanding, cost containment, cost avoidance, and cost reduction 687 Chapter 15 Financial Management Fixed costs can be classified ... attitude regarding cost b Committed cost understanding, cost containment, c Cost avoidance cost avoidance, and cost reduction d Cost consciousness A cost incurred to provide physical or e Cost containment ... feedback Cost understanding Cost containment, Cost avoidance Cost reduction EXHIBIT 15 3 Cost Understanding Cost Control System Control requires that a set of expectations exist Thus, cost control...