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Which of the following is most true?
Theoretical Standards
Optimally set benchmarks based on perfect conditions for performance and efficiency.
Motivate Employees
The process of encouraging employees to perform at their best through incentives, positive workplace culture, and recognition.
Standard Cost System
A cost accounting system that assigns expected costs to each product or service, facilitating comparison with actual costs to assess performance.
Normal Cost System
An accounting system that applies indirect costs to products based on a standard cost rather than actual cost measures.
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