Standards Based on the Amount of Input That Should Be

question 73

Multiple Choice

Standards based on the amount of input that should be used per unit of output are called

• A) quantity standards.
• B) price standards.
• C) ideal standards.
• D) currently attainable standards.
• E) kaizen standards.

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Definitions:

Investing

The act of allocating resources, typically money, with the expectation of generating an income or profit over time through various instruments like stocks, bonds, or real estate.

Net Investment

The total amount of money spent on capital assets, minus depreciation. It reflects the increase in a company's or nation's capital stock.

Inventory Investment

Refers to the changes in the stock of goods that a company holds over a period, aiming to meet future sales demands or price changes.

Depreciation

An accounting method of allocating the cost of a tangible asset over its useful life, reflecting wear and tear, deterioration, or obsolescence.