For Which One of the Following Will Standard Costs Be

question 37

Multiple Choice

For which one of the following will standard costs be most useful?

• A)A soft drink bottling company
• B)A caterer
• C)A cabinet manufacturer
• D)An event planner

---

Definitions:

Agency Relationship

A relationship in which one party (the agent) agrees to act for or on behalf of another party (the principal), typically in business transactions.

Operation Of Law

The automatic application of law to certain actions and circumstances without the need for an agreement or court action.

Agency Relationship

An agency relationship is a legal arrangement in which one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.

Power Given As Security

Refers to a legal arrangement where authority or control over assets is given to someone as a form of security for a debt or obligation.