Which of the following choices correctly notes a characteristic associated with perfection standards and one associated with practical standards? Perfection StandardsPractical StandardsA.Attainable in an ideal environment.Incorporate abnormal occurrences when setting quantity and efficiency targets.B.Result in many unfavorable variances.Are often attainable by workers.C.Tend to boost worker morale over the long-run.Generally, are preferred by behavioral scientists.D.Generally, are easily achieved by workers.Result in both favorable and unfavorable variances.E.Generally, are preferred by behavioral scientists.Are easier to achieve than perfection standards.
A. Choice A
B. Choice B
C. Choice C
D. Choice D
E. Choice E
Answer: B
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Which of the following statements is CORRECT?
A. Some of the cash flows shown on a time line can be in the form of annuity payments, but none can be uneven amounts. B. A time line is not meaningful unless all cash flows occur annually. C. Time lines are not useful for visualizing complex problems prior to doing actual calculations. D. Time lines cannot be constructed in situations where some of the cash flows occur annually but others occur quarterly. E. Time lines can be constructed for annuities where the payments occur at either the beginning or the end of the periods.
A generational cohort is a group of people
A. with the same beliefs and values. B. who are of the same generation. C. who are not open to new things. D. who grew up and went to school together. E. who purchase only one brand of a product throughout their lifetime.
"Are you interested in selling your boat for $5,000?" is an offer
Indicate whether the statement is true or false
Setup costs ______.
a. are the costs of setting up retail operations b. are the costs of changing production from one item to another c. are usually higher than holding costs d. are the same as storage costs