Which of the following statements is false?
a. While the use of standard costing is acceptable for job-order costing systems, actual cost records should still be maintained.
b. It is normally more time-consuming for a company to use standard costs in a job-order costing system.
c. Standards can be used in a job-order costing system, if the company usually produces items that are similar in nature.
d. Standard costs may be used for material, labor, or both material and labor in a job-order costing environment.
B
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Indicate whether the statement is true or false
Jade has a high need for relatedness, as that need is described by ERG theory. Which of the following actions by her boss is most likely to motivate Jade?
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Minors are liable in a quasi contract for the reasonable value of any necessaries furnished to them
Indicate whether the statement is true or false