Which Statement Is True Regarding a Standard Cost System

question 83

Multiple Choice

Which statement is true regarding a standard cost system?

• A)Both actual and standard costs are used.
• B)Only standard costs are used.
• C)If variances occur,then something negative in the operations has occurred.
• D)Standards are used only when actual amounts are not available.

---

Definitions:

Compliance Techniques

Strategic methods used to persuade or influence individuals to agree with requests, accept suggestions, or change their behavior without necessarily changing their underlying beliefs.

Unpaid Counselors

Individuals who provide support, guidance, or advice without receiving financial compensation, often in informal settings.

Delinquents

Individuals, typically young people, who engage in behaviors considered unlawful or antisocial by the broader society.

Public Agreement

The phenomenon where individuals conform to the majority view in public settings, regardless of their private beliefs.