Which of the Following Is Not Considered an Advantage of Using

question 52

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:

Remedied

In legal terms, remedied refers to the action of correcting or compensating for a wrong or harm that has been suffered, often through monetary compensation or specific performance.

Vicarious Liability

The legal responsibility of one party for the actions of another, typically an employer being liable for the acts of its employees.

Employer

An individual or organization that hires and pays for the services of employees under an expressed or implied agreement, and has the right to control the details of work performance.

Employee

An individual who is hired by a person or business for a wage or salary to perform specific duties.