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.

Analyze the role of influence tactics in managerial effectiveness.

Recognize the concept of power in organizational relationships and its different sources.

Understand the basis and impact of leadership theories, including path-goal and behaviorism.

Differentiate between standard intelligence and emotional intelligence and their relevance to leadership.

---

Definitions:

Systematic Risk

The risk inherent to the entire market or market segment, which cannot be eliminated through diversification.

Unsystematic Risk

Unsystematic risk refers to the risk associated with individual investments or sectors, not affected by broader market movements.

Expected Rate of Return

The probable returns on an investment averaged over a period, accounting for the varying risks and rewards.

CSCO

The stock ticker symbol for Cisco Systems, Inc., a multinational technology conglomerate.