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Why is setting standards for material prices considered a challenging task?
  • a)
    Material prices are regulated by company management.
  • b)
    Material prices are unaffected by external factors.
  • c)
    Material prices are always stable and predictable.
  • d)
    Material prices are influenced by external factors.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Why is setting standards for material prices considered a challenging ...
Setting standards for material prices is considered a challenging task because material prices are influenced by external factors that are often beyond the control of a company's management. These external factors, such as market conditions and supply and demand, can lead to fluctuations in material prices, making it difficult to establish precise standard prices.
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Why is setting standards for material prices considered a challenging task?a)Material prices are regulated by company management.b)Material prices are unaffected by external factors.c)Material prices are always stable and predictable.d)Material prices are influenced by external factors.Correct answer is option 'D'. Can you explain this answer?
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