A Standard Differs from a Budget Because a Standard

question 164

Multiple Choice

A standard differs from a budget because a standard

• A) is a predetermined cost.
• B) contributes to management planning and control.
• C) is a unit amount.
• D) none of these; a standard does not differ from a budget.

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Definitions:

3-D Printers

Devices that create three-dimensional objects by depositing materials layer by layer according to digital models.

Mass Production

The manufacture of large quantities of standardized products, often using assembly lines or automated technology, to achieve economies of scale.

Cost Savings

A reduction in expenses achieved by purchasing the same goods or services at lower prices, or by employing more efficient or effective operations.

Business Start-Ups

New business ventures often characterized by innovation, high risks, and the potential for significant growth.