Which of the Following Statements Is Correct About the Way

question 17

Multiple Choice

Which of the following statements is correct about the way managers set standards for employees?

• A)The standards managers set for employee productivity should be based on ideal conditions to encourage employees to push themselves.
• B)Eliminating breaks,downtime,and maintenance time from set standards is an excellent way to motivate employees.
• C)High employee turnover results in higher standards over the long run because weak or underperforming employees are replaced with high-performing employees.
• D)When setting standards,managers should include a reasonable amount of downtime for preventable maintenance,employee breaks,and training.

Recognize the implications of defined benefit and defined contribution plans for employers and employees.

Comprehend the factors promoting and hindering the implementation of flexible benefit plans.

Analyze the impact of benefit plan design and funding on organizational cost and liability.

Understand the role of indirect pay in attracting and retaining employees.

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Definitions:

Standard Cost Variances

The differences between the expected (standard) costs and the actual costs incurred.

Stockholders' Reports

Periodic reports issued by a company to its shareholders, detailing financial performance, operations, and future outlook.

Standard Costs

Predetermined costs for products or services, used as a benchmark to assess actual performance and manage budgets.

Inventory Cost

refers to the total cost incurred to produce, process, and hold goods available for sale, encompassing purchase, handling, and storage expenses.