Standards are best measured when they are
A. broad.
B. quantifiable.
C. narrow.
D. efficient.
E. ethical.
B. quantifiable.
A control standard, or performance standard, or simply standard, is the desired performance level for a given goal. Standards may be narrow or broad, and they can be set for almost anything, although they are best measured when they can be made quantifiable.
You might also like to view...
Which of the following is an advantage of primary data collection?
A) Data can be collected quickly to meet the manager's needs. B) Data is tailored to the manager's needs. C) It is one of the most inexpensive data collection methods . D) Data is more accurate because it has already been analyzed for some other research problem.
The present value factors for any discount rate increase as the number of periods increases
Indicate whether the statement is true or false
Time Unlimited makes grandfather clock kits that it sells to hobbyists who then assemble and finish the clocks. The company has the capacity to make 5,000 of the kits, and its current volume is 3,000 kits. The costs of a clock kit are: $300 for unit-level materials, $200 for unit-level labor, and $150 for an allocation of facility-level overhead. The normal selling price is $950. The Clock Builder has received a special order for 600 clock kits at a price of $600 each.Required: Should The Clock Builder accept the special order? Support your answer with appropriate computations.
What will be an ideal response?
How are acquisitions good for society?
A) Acquisitions eliminate barriers to entry. B) Acquisitions require little government oversight. C) An acquiring company may improve the efficiency of an acquired company. D) An industry may become less competitive after an acquisition. E) The acquisition may result in higher costs, leading to higher prices for consumers.