A Standard Cost or Production Standard That Assumes Maximum Operating

question 3

Multiple Choice

A standard cost or production standard that assumes maximum operating conditions and 100% efficiency at all times is called a(n) :

• A)attainable standard.
• B)ideal standard.
• C)past experience standard.
• D)average standard.

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Definitions:

Return on Net Worth

A measure of a corporation's profitability that reveals how much profit a company generates with the money shareholders have invested.

Financial Metric

A quantifiable measure used to assess the financial performance and health of a business entity.

Stock Price

The current price for which a share of a company is bought or sold on the stock market.

Digitized SCM

The use of digital technology to manage and streamline all aspects of the supply chain process, from procurement to distribution.