Ethnocentric Views Concentrate on Their ________

question 10

Multiple Choice

Ethnocentric views concentrate on their ________.

• A) world orientation
• B) host country
• C) racial orientation
• D) home country

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Definitions:

Ideal Standards

Theoretical cost benchmarks assuming perfect operating conditions, used for planning and control.

Standard Cost System

An accounting method that applies predetermined costs to production and inventory rather than historical costs, to help managers control costs.

Direct Materials

These are specified components that can be easily identified and measured as part of the cost of creating a product or service.

Normal Standards

Performance benchmarks or criteria that are established based on average or anticipated conditions for the purpose of budgeting and cost control.