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
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.
Step by Step Solution
3.32 Rating (167 Votes )
There are 3 Steps involved in it
The correct answer is d they may perpetuate operating inefficiencies The use of historical data to set standards can perpetuate operating inefficienci... View full answer
Get step-by-step solutions from verified subject matter experts
