The ________ Standards Have Become the Internationally Recognised Standard for Evaluating

question 55

Multiple Choice

The ________ standards have become the internationally recognised standard for evaluating and comparing companies in the global marketplace.

• A)Six Sigma
• B)ISO 9000
• C)ISO 250
• D)BS 5400
• E)Seven Beta

Recognize the importance and methods of setting standards, including benchmarking and time and motion studies.

Grasp the role and calculation of standard costs in production, including material and labor variances.

Understand how variance analysis is used for control purposes and to highlight areas for corrective action.

Evaluate the motivational effects of standard cost systems on employee behavior.

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