Which of the Following Methods Is Not Employed in the Establishment

question 28

Multiple Choice

Which of the following methods is not employed in the establishment of standard costs?

• A) management judgement concerning future operating conditions.
• B) analysis of historical performance data.
• C) discounted cash flow analysis.
• D) time and motion studies.

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Definitions:

HR Responsibilities

The tasks and duties related to managing an organization's human resources, including recruitment, training, development, and welfare.

Supervisors

Individuals within an organization responsible for overseeing the work of employees, providing guidance, support, and performance evaluation.

HR Functions

A variety of roles and responsibilities undertaken by the human resources department, including recruiting, training, and managing employee relations.

Stakeholders

Individuals or groups that have an interest, investment, or stake in a project, business, or decision, potentially impacting or being impacted by the outcome.