How Many of These Are Considered to Be Benefits of Standard

question 10

Multiple Choice

How many of these are considered to be benefits of standard costing?
? It makes employees more aware of the impact of costs on operations
? It serves as a target against which to evaluate performance
? It is a cheap way of valuing inventory
? It eliminates the need to compute variances

• A)One
• B)Two
• C)Three
• D)Four

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Definitions:

Valence

The value or importance an individual places on the expected outcome of a particular behavior or action.

Expectancy

The belief or anticipation regarding the outcome of one's efforts, which can significantly influence motivation and behavior.

Publicly

Pertains to anything done or existing in open view, accessible to all members of the community or targeted audience, often under public scrutiny.

Discomfort

A feeling of physical or emotional unease or discomfort, often leading to avoidance behavior or a desire for change.