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:

Traveler's Checks

Preprinted, fixed-amount checks designed to allow the person signing them to make payments when traveling.

Countersignature

A second signature on a document that confirms or approves the initial signature, providing an additional level of security or authentication.

Designated Date

A specific date that has been appointed or set aside for a particular purpose or event.

Collecting Bank

A collecting bank is a bank that handles the collection of payments on behalf of a depositor, including processing checks and drafts.