Setting standards is challenging. If standards are set too low, companies might purchase inferior products and employees might not work to their full potential. If standards are set too high, companies could be unable to offer a quality product at a profitable price and employees could be overworked. The ethical challenge is to set a high but reasonable standard. Assume that you are asked to set the standard materials price and quantity for a new warehouse robot, a technically advanced product. To properly set the price and quantity standards, you assemble a team of specialists to provide input. Required Identify three types of specialists that you would assemble to provide information to help set the materials price and quantity standards. Briefly explain why you chose each specialist.
Setting standards is challenging. If standards are set too low, companies might purchase inferior products and employees might not work to their full potential. If standards are set too high, companies could be unable to offer a quality product at a profitable price and employees could be overworked. The ethical challenge is to set a high but reasonable standard. Assume that you are asked to set the standard materials price and quantity for a new warehouse robot, a technically advanced product. To properly set the price and quantity standards, you assemble a team of specialists to provide input. Required Identify three types of specialists that you would assemble to provide information to help set the materials price and quantity standards. Briefly explain why you chose each specialist.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Setting standards is challenging. If standards are set too low, companies might purchase inferior
products and employees might not work to their full potential. If standards are set too high, companies
could be unable to offer a quality product at a profitable price and employees could be overworked. The
ethical challenge is to set a high but reasonable standard. Assume that you are asked to set the standard
materials price and quantity for a new warehouse robot, a technically advanced product. To properly set
the price and quantity standards, you assemble a team of specialists to provide input. Required Identify
three types of specialists that you would assemble to provide information to help set the materials price
and quantity standards. Briefly explain why you chose each specialist.
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