Asked by
Aaron Johnson
on Nov 13, 2024Verified
Ideal standards
A) are rigorous but attainable.
B) are the standards generally used in a master budget.
C) reflect optimal performance under perfect operating conditions.
D) will always motivate employees to achieve the maximum output.
Ideal Standards
Benchmark levels of performance set at the highest achievable conditions without allowances for normal inefficiencies.
Master Budget
The Master Budget is a comprehensive financial planning document that consolidates all of a business's individual budgets, providing a complete financial overview for a future period.
- Distinguish among the different types of standards, including ideal, normal, and tight standards.
- Understand the consequences of implementing standards on the motivation and performance of employees.
Verified Answer
MC
Learning Objectives
- Distinguish among the different types of standards, including ideal, normal, and tight standards.
- Understand the consequences of implementing standards on the motivation and performance of employees.
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