Which of the Following Is Not a Problem Associated with Standard

question 46

Multiple Choice

Which of the following is not a problem associated with standard cost accounting?

• A)Standard costing discourages management from producing large batches of products and build inventory.
• B)Applying standard costing leads to product cost distortions in a lean environment.
• C)Standard cost data are associated with excessive time lags that reduce its usefulness.
• D)The financial orientation of standard costing may promote bad decisions.

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Definitions:

Dopamine Theory

The hypothesis that imbalances in the neurotransmitter dopamine play a significant role in the development of psychiatric disorders, particularly schizophrenia.

Phenothiazines

A class of antipsychotic drugs used to treat mental disorders such as schizophrenia, acting primarily by blocking dopamine receptors in the brain.

Parkinsonian Symptoms

Clinical signs such as tremors, slow movement, stiffness, and balance issues associated with Parkinson's disease.

Psychotic Symptoms

Abnormal experiences such as hallucinations or delusions that indicate a loss of contact with reality.