New Ideas and Programs in the States

question 53

Multiple Choice

New ideas and programs in the states

• A)come primarily from federal agencies.
• B)are more likely to come from states outside a state's own region.
• C)spread rapidly as states learn from one another.
• D)come mainly from the private sector.

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Definitions:

Board Metres

A unit of measure used in the lumber industry to quantify the volume of wood.

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.