All of the Following Are Advantages of Standard Costs Except

question 183

Multiple Choice

All of the following are advantages of standard costs except they

• A) facilitate management planning.
• B) are useful in setting selling prices.
• C) simplify costing in inventories.
• D) increase net income.

---

Definitions:

Scientific Management

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency and labor productivity.

20th Century

Refers to the period from 1901 to 2000, characterized by significant advancements in technology, science, and social changes globally.

Performance Appraisal

A systematic evaluation of an employee's performance and productivity in relation to defined objectives and criteria.

Permanent Members

Individuals who hold a fixed and ongoing position within a group or organization, as opposed to temporary or rotating members.