Which of the Following Terms Best Identifies the Function of Standard

question 15

Multiple Choice

Which of the following terms best identifies the function of standard costs where any deviation from standards can be quickly detected and responsibility pinpointed so appropriate action may be taken?

• A)Management by exception
• B)Contribution approach
• C)Marginal costing
• D)Standardized accounting system

---

Definitions:

Voters

Individuals who have the right to participate in electing leaders and voting on laws and policies in a democratic society.

Turnout Rate

The percentage of eligible voters who cast a ballot in an election.

Youngest Voters

Individuals who have recently reached the legal voting age and are participating in the electoral process for the first time.

Campaign Finance Reform

Legislative or policy changes aimed at regulating the raising and spending of money in political campaigns, often to increase transparency or reduce the influence of wealth.