Which of the Following Is Not an Advantage of Using

question 64

Multiple Choice

Which of the following is not an advantage of using a standard cost system?

• A)It eliminates the need for analysis of variances.
• B)It facilitates establishing an effective system of responsibility accounting.
• C)It requires an analysis of all aspects of operations.
• D)It helps management control costs.

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Definitions:

Weak Hierarchy

An organizational structure where there are fewer levels of middle management between staff and executives, leading to a more flexible and less formal decision-making process.

Flexible Hierarchy

Flexible Hierarchy describes an organizational structure that allows for more fluid and adaptable roles and levels of authority, compared to traditional, rigid hierarchies.

Needs

Fundamental requirements or necessities for human beings to achieve a basic level of well-being, including physiological, safety, love/belonging, esteem, and self-actualization.

Need for Affiliation

An individual's desire to form connections and foster positive relationships with others.