Which of the Following Is One of the Reasons Why

question 7

Multiple Choice

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

• A)to enhance customer loyalty
• B)to ensure the accuracy of the financial records
• C)to share best practices with other companies
• D)to make budgeting easier and more efficient

---

Definitions:

Letter of Requisition

A formal written request, often used in official or professional settings, to demand the provision of goods, services, or information.

Formal Demand

A formal request, usually in writing, requiring a person or entity to fulfill a legal obligation or payment.

Payment

The act of transferring money or its equivalent in exchange for goods or services.

Commission

A fee or percentage awarded to salespeople, agents, or brokers for their services in facilitating a sale or transaction.