Which of the Following Statements Is True of Standards

question 14

Multiple Choice

Which of the following statements is true of standards? 

• A) ​A standard may have to be changed if it does not help in achieving company goals. 
• B) ​A company's standard must always be the same as its competitors'. 
• C) ​A standard should not align with employees' actual performance. 
• D) ​A standard should always enhance the productivity of a firm's employees.

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Definitions:

Partnership

A business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Deed.

Legal Status

The standing of an entity or individual under the law, determining their rights, responsibilities, and liabilities.

Volunteer Work

involves performing tasks or providing services for the benefit of others or the community, without financial compensation.

Partnership Property

Assets co-owned by partners in a business partnership, where each partner has an interest in these assets in relation to their investment or agreement.