-Which statement about currently attainable, or practical standards, is not true:

A.They allow for normal spoilage and nonproductive time

B.Because they allow for waste, they almost always result in favorable variances

C,They represent projections of what will probably be attained

D.Employees usually view these goals as reasonable

-Investigating significant differences only between actual results and standards is an application of what management principle?

A.Management by objectives

B.Management by exception

C.Management by walking around

D.Span of control

-The standard rate per hour for direct labor usually should be established such that:

A.A standard rate exists for each employee in each department B.Employment taxes are excluded from the standard rate per hour C.Both employment taxes and fringe benefits are excluded from the standard rate per hour D.A single rate exists for all employees in a department that reflects an expected mix of workers

-What is required in order to correctly evaluate the performance of an organization's divisions under the return-on-investment (ROI) and residual income approaches?

A.The divisions have to be profit centers

B.The divisions have to be investment centers

C.The divisions have to be cost centers if ROI is used; they must be profit centers if residual income is used

D.The divisions have to be profit centers if residual income is used, and they have to be investment centers if

ROI is used