A Quantity Standard Is

question 90

Multiple Choice

A quantity standard is:

• A)the total dollar amount that a company expects to spend to achieve a given level of output.
• B)a form that shows what the company should spend to make a single unit of product.
• C)the price that should be paid for a specific quantity of input.
• D)the amount of input that should be used in each unit of product or service.

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Definitions:

Productive Capabilities

This term describes the maximum output or efficiency level that an organization or economy can achieve with the current resources and technology.