Standard Cost Systems Can Enhance Operational Control Through the Use

question 69

Multiple Choice

Standard cost systems can enhance operational control through the use of

• A) efficiency variances which indicate the need for corrective action.
• B) price variances which indicate the need for better spending control.
• C) standard costs which indicate the desired cost of a unit of input.
• D) actual costs which indicate the price received for units sold.
• E) All of these.

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Definitions:

True Endocrine Gland

A gland that secretes hormones directly into the bloodstream to regulate various bodily functions, without using a duct.

Hypothalamus

A region of the brain below the thalamus; it coordinates both autonomic nervous system and the activity of the pituitary, controlling body temperature, thirst, hunger, and other homeostatic systems.

Stained Cells

Cells that have been treated with specific dyes to highlight particular components under a microscope.

Posterior Lobe

The back part of an organ or gland, such as the posterior lobe of the pituitary gland in the brain.