Which of the following terms best identifies the function of standard costs where any deviation from standards can be quickly detected and responsibility pinpointed so appropriate action may be taken?

Which of the following best explains why HR management is important to all managers?

A) Economic challenges facing the world call for advanced cost-cutting and streamlining. B) Investing in human capital enables managers to achieve positive results for the firm. C) An enthusiastic labor force is likely to provide financial support to local unions. D) Technological changes and global competition require clear organization charts.

If a company allocated fixed costs from service departments to user departments based on long-range plans, there is a tendency on the part of managers to underestimate their planned usage

Indicate whether the statement is true or false