Standard Cost Systems Are Adopted

question 134

Multiple Choice

Standard cost systems are adopted

• A) to improve planning and control.
• B) to facilitate product costing.
• C) to improve planning and control, and to facilitate product costing.
• D) to enhance the operational control of firms that emphasize continuous improvement.
• E) for all of these reasons.

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Definitions:

Punished Responses

Behaviors that decrease in frequency because they are followed by unpleasant consequences.

Operant

In Skinner’s system, an instrumental response that is defined by its effect (the way it operates) on the environment.

Swallowing

The process by which food or liquid is moved from the mouth through the pharynx and into the esophagus.

Red Traffic Light

A signaling device at road intersections, pedestrian crossings, and other locations to control traffic, indicating vehicles must stop.