Examlex
Which of the following is NOT considered an aptitude test?
U-bolts
Metal fasteners in the shape of the letter U, used to secure pipes or other round objects to surfaces.
Standard Costs
Costs that are predetermined on a per-unit basis. Standard costs are used as a benchmark for evaluating performance. These costs are often used in or are the output from the budgeting process.
Efficiency Losses
Reductions in economic well-being, reflected by the inability of a market to allocate resources optimally.
Standard Costs
The predetermined expenses for the production of a product or operation of a service, used as a baseline to measure performance.
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