All of the Following Are Advantages of Predetermined Time Standards

question 170

Multiple Choice

All of the following are advantages of predetermined time standards except

• A) they are customized to your company
• B) they are well accepted
• C) no performance ratings are necessary
• D) the standard can be set before the task is done and then can be used for planning
• E) they are based on a large number of workers

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Definitions:

Financial Ratio

A quantitative analysis used to evaluate a company's financial performance, liquidity, leverage, and efficiency by comparing two financial figure.

Program Expenses

The costs directly associated with carrying out an organization’s mission-related activities, as opposed to administrative or fundraising expenses.

Permanent Restriction

A binding condition or stipulation that indefinitely limits the use of an asset or the execution of an action.

Philanthropic Gift

A donation made by an individual or an organization to a nonprofit entity, typically for charitable purposes or to support a cause.