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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Standards set by engineering studies

  1. a. can determine the most efficient way of operating.
  2. b. can provide rigorous guidelines.
  3. c. may not be achievable by operating personnel.
  4. d. often do not allow operating personnel to have much input.
  5. e. All of these.

To determine

Identify the standard(s) set by engineering studies.

Explanation

Standards:

The minimum acceptable level of performance which is to be achieved by an activity or a person is known as standard.

a.

Engineering studies standards establishes the most efficient way of operating. This option is correct, but other statements are correct as well. Therefore, option a is not the correct option.

b.

Standards set by engineering studies also direct to follow the guidelines strictly and carefully. This option is correct, but other statements are correct as well. Therefore, option b is not the correct option...

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