e.

The most important reason for using a standard costing system is

To eliminate the need for a budgeting system.

To determine who is to blame for unfavorable performance.

For cost control.

For establishing external prices for products and services.

To meet government reporting requirements.

17. a.

b

C d

e.

An organization's overall desired level of risk taking is referred to as its inherent risk.

riskiness monitoring.

risk appetite. social risk measure. perceived risk adjustment.