Which of the Following Individuals Is Least Likely to Become

question 56

Multiple Choice

Which of the following individuals is least likely to become involved in the setting of either direct material standards or direct labor standards?

• A) The purchasing manager.
• B) A production supervisor.
• C) An engineer.
• D) A machine operator.
• E) A company's president.

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Definitions:

Marketable Securities

Financial instruments that can be easily converted into cash. They include stocks, bonds, and Treasury bills among others.

Current Liabilities

Financial responsibilities that must be settled within a period of one year.

Noncurrent Assets

Long-term assets that are not expected to be converted into cash within a year, such as property, plant, and equipment.

Stockholders' Equity

The ownership interest of shareholders in a corporation, calculated as total assets minus total liabilities.