Characteristics of Ideal Standards Include All of the Following Except

question 40

Multiple Choice

Characteristics of ideal standards include all of the following except:

• A)They generally give rise to unfavorable variances.
• B)They may cause personnel to become discouraged.
• C)They take into account normal waste and spoilage.
• D)They provide a maximum objective for which to strive to improve efficiency.

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Definitions:

Maturity Value

The total amount to be received at the end of an investment period, including the principal and the interest earned.

Missing Value

A data point that is missing or not recorded in a dataset, which can impact the analysis and outcomes of statistical models.

Investment

The allocation of resources, such as time, money, or effort, in expectation of a future benefit or return.

Missing Value

A term used to describe data that is absent or not available in a dataset or equation.