Which of the Following Are the Primary Methods That Could

question 17

Multiple Choice

Which of the following are the primary methods that could be used by a union to improve employee's terms and conditions of work:

• A)court action
• B)contract negotiation
• C)political activity
• D)public relations
• E)grievances and arbitration

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Definitions:

Ideal Standards

Theoretical cost benchmarks assuming perfect operating conditions, used for planning and control.

Standard Cost System

An accounting method that applies predetermined costs to production and inventory rather than historical costs, to help managers control costs.

Direct Materials

These are specified components that can be easily identified and measured as part of the cost of creating a product or service.

Normal Standards

Performance benchmarks or criteria that are established based on average or anticipated conditions for the purpose of budgeting and cost control.