Cost And Management Accountıng Deneme Sınavı Sorusu #1391380

I. Fixed standards 

II. Authoritative standards

III. Kaizen standards

Which of the above standards fall under the classification according to updating frequency?


Only II

Only III

I and II

I and III

I, II and III


Yanıt Açıklaması:

Classification According to Updating Frequency: The two contrast types of standards are “fixed standards” and “kaizen (continuous-improvement) standards”. Fixed standards are determined for the conditions at the beginning and not changed for many years. Kaizen standards are exactly opposite of fixed standards because they require continuous updating by their nature. These standards are continuous-improvement standards that reflect planned improvements year by year.

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