Which of the Following Statements Concerning Practical Standards Is Incorrect

question 82

Multiple Choice

Which of the following statements concerning practical standards is incorrect?

• A) Practical standards can be used for product costing and cash budgeting.
• B) Practical standards can be attained by the average worker.
• C) When practical standards are used, there is no reason to adjust standards if an old machine is replaced by a newer, faster machine.
• D) Under practical standards, large variances are less likely than under ideal standards.

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Definitions:

Participant Observation

A qualitative research method in which the researcher immerses themselves in the environment they are studying, participating in the activities while observing the setting and individuals within it.

Validation

The process of confirming or verifying something as true, correct, or compliant with standards.

Surveying

The science of measuring land to determine its boundaries, area, and the physical features it encompasses.

Premature Closure

The tendency to make a decision or come to a conclusion before acquiring all relevant information.