The Final Decision as to What Standard Costs Should Be

question 85

Multiple Choice

The final decision as to what standard costs should be is the responsibility of

• A) the quality control engineer.
• B) the managerial accountants.
• C) the purchasing agent.
• D) management.

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Definitions:

Confidence

The feeling or belief that one can rely on someone or something; self-assurance.

Silent Customer

A term for a customer who experiences dissatisfaction with a service or product but does not voice their complaints to the provider.

Silent Customer

A consumer who does not vocally express dissatisfaction with a service or product, often providing little feedback that businesses can act on.

Attitude

A consistent pattern of thoughts or emotions regarding a person or thing, usually manifested in how one acts.