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    Concept of Standards

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    The concept of a standard used for planning and control purpose is most like a
    a) measure of ideal performance
    b) unit budget
    c) measure of maximum efficiency
    d) measure of historical performance

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    https://brainmass.com/business/accounting/concept-standards-523712

    Solution Preview

    a) measure of ideal performance

    - We measure by using ideal performance. B is irrelevant to ...

    Solution Summary

    This solution provides the correct answer with explanation to the concept of a standard question listed.

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