Which of the Following Is Not a Problem Associated with Standard

question 56

Multiple Choice

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

• A) Standard costing motivates management to produce 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.
• E) All of the above are problems with standard costing.

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Ethical Conduct

The practice of behaving in a manner consistent with accepted moral principles and standards.

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The principle that personal information held by organizations should be kept secure and private from unauthorized access.

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Employer

An individual or organization that hires and pays for the services of workers to perform specific tasks.