Output

question 37

Multiple Choice

Output

• A) is feedback that has been processed to create meaningful information.
• B) is information that is returned to appropriate members of the organization to help them evaluate the input stage.
• C) transfers data to the people who will use it or to the activities for which it will be used.
• D) transfers processed information to the people who will use it or to the activities for which it will be used.

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Definitions:

Standard Costs

Predetermined costs assigned to goods and services, used as a benchmark for evaluating actual performance and cost control.

Normal Standards

Generally accepted benchmarks or criteria within a specific industry or area of business against which processes, products, or activities are measured.

Standard Cost

A predetermined cost of manufacturing, selling, or operating a product or service.

Price Factor

A multiplier used to adjust prices, often in the context of indexation or currency conversion.