Companies Sometimes Develop Standards Based on Historical Data

question 32

Multiple Choice

Companies sometimes develop standards based on historical data. Which of the following statements about this approach is correct?

• A) This is an appropriate approach for mature production process.
• B) This is an appropriate approach for processes that are labour intensive.
• C) This is an inappropriate approach because it is a relatively more expensive approach to standard setting.
• D) This approach is only acceptable for manufacturing companies.

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