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:

Financially Outperform

The act of achieving superior financial results or returns compared to a specific benchmark or peer group.

Sexual Orientation

A person's emotional, romantic, or sexual attraction to others, characterized by different identities such as heterosexual, homosexual, bisexual, etc.

EEOC

The Equal Employment Opportunity Commission, a U.S. federal agency responsible for enforcing laws against workplace discrimination.

Protected

Safe from harm or injury; often related to ensuring individuals' rights, safety, or well-being are guarded under certain conditions or environments.