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Which of the following is not an advantage of using a standard cost system?
Static
Refers to something that is fixed, unchanging, or lacking in movement.
Preferred Beliefs
Ideals or convictions that individuals prioritize or hold in high regard due to personal values, experiences, or desires.
Hierarchy
An arrangement or institution where individuals or entities are hierarchically positioned above or below others based on their status or power.
Domain-specific Goals
Objectives that are relevant and applied within a specific area of activity, knowledge, or interest.
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