Historical experience should be used with caution in setting standards because: a. most companies keep poor records.
Question:
Historical experience should be used with caution in setting standards because:
a. most companies keep poor records.
b. ideal standards are always better than historical standards.
c. they may not be achievable by operating personnel.
d. they may perpetuate operating inefficiencies.
e. none of the above.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
Question Posted: