In Order for Cost Benchmarks to Be Effective, Standard Costs

question 145

Multiple Choice

In order for cost benchmarks to be effective, standard costs must be

• A)based on historical costs.
• B)updated regularly.
• C)reviewed by salaried assembly-line workers.
• D)practical and attainable.

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Definitions:

Psychologists

Professionals specializing in the study and treatment of the mind and behavior, addressing a wide range of mental health issues and developmental processes.

Canadian Psychological Association

A professional organization that represents psychologists in Canada, dedicated to the advancement of the science, practice, and education of psychology.

CPA

An acronym that may refer to Certified Public Accountant, among other meanings depending on the context.

Psychoactive Drugs

Substances that can alter consciousness, mood, thoughts, or perceptions, commonly including both legal and illegal drugs.