Which of the Following Is NOT Considered an Advantage of Using

question 73

Multiple Choice

Which of the following is NOT considered an advantage of using standard costs?

• A)Standard costs can reduce clerical costs.
• B)Standard costs can be useful in setting prices for finished goods.
• C)Standard costs can be used as a means of finding fault with performance.
• D)Standard costs can make employees "cost-conscious."

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Definitions:

Utilitarian Needs

Needs motivating the consumer to purchase something practical and functional.

Cycle

A sequence of events or processes that recur regularly, returning to the starting point and often leading to predictable outcomes.

Expectancy Theory

A theory that explains the behavioral process of why people choose one behavioral option over others, suggesting that individuals are motivated by an expected outcome.

Cognitive Dissonance

The psychological discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.