Which of the Following Statements About Standard Costs Is FALSE

question 70

Multiple Choice

Which of the following statements about standard costs is FALSE?

• A)Properly set standards should promote efficiency.
• B)Standard costs facilitate management planning.
• C)Standards should not be used in "management by exception."
• D)Standard costs can simplify the costing of inventories.

---

Definitions:

Pluralist Model

A theory suggesting that power in a democratic society is distributed among multiple groups and organizations.

Power Elite

A concept that refers to a small group of powerful people who hold a disproportionate amount of wealth, privilege, political power, or influence in society.

Autonomous State

A concept in political theory in which the state is seen as having its own interests and the capacity to act independently of external pressures.

Emotional Labor

Work that is explicitly intended to produce a desired state of mind in a client.