Answered: The setting of standard is a/ a worker…

The setting of standard is a/ a worker decision b/ a management decision c/ a managerial accounting decision d/ preferably set at the idea level of performance.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 2Q: Identify and describe the levels of management, including the various types of decisions managers at...

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Question

The setting of standard is

a/ a worker decision

b/ a management decision

c/ a managerial accounting decision

d/ preferably set at the idea level of performance.

Definition Definition Process by which financial information is analyzed, interpreted, and communicated to managers to support the achievement of an organization's goals. The main objective of managerial accounting is to maximize profits and minimize losses.

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