A Good System of Standard Costing Always

question 66

Multiple Choice

A good system of standard costing always

• A)ensures that the right staff are to blame if there are negative variances.
• B)ensures that the right staff are both rewarded and blamed when there are positive or negative variances.
• C)avoids excessive detail in examining small variances.
• D)considers the impact of morale on all those who utilize the reporting system.

---

Definitions:

Trade Barriers

Measures introduced by governments to restrict or control international trade, such as tariffs, quotas, and import bans.

Trade Restrictions

Measures implemented by governments to control the flow of imports and exports, often to protect domestic industries from foreign competition.

Special Interest Groups

Organizations or groups that advocate for the specific interests of their members, often influencing policy decisions and public opinion.