Which of the Following Is One of the Reasons Why

question 116

Multiple Choice

Which of the following is one of the reasons why companies use standard costs?

• A) To increase sales
• B) To insure the accuracy of the financial records
• C) To bolster good internal controls and prevent shrinkage
• D) To make budgeting easier and more efficient

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Definitions:

Goal Difficulty

This concept pertains to the extent of challenge and effort required to achieve a stated objective.

Goal Clarity

The extent to which the goals of a project or organization are understood and clear to all members involved.

Goal Consistency

Refers to the alignment and compatibility of individual or group objectives with the broader organizational goals.

Goal Agreement

A mutual understanding or arrangement between parties regarding the objectives to be achieved.