Which of the following are methods for setting standards?
A) Historical data analysis and cost analysis
B) Task analysis and analysis of historical data
C) Budgetary analysis and data analysis
D) Cost analysis and budgetary analysis

Question

Quizplus · Accepted Answer

Task analysis and analysis of historical data are the methods for setting standards. While cost analysis and budgetary analysis are related to setting budget and financial plans, they may not directly contribute to setting standards based on performance expectations. Similarly, data analysis and historical data analysis may not capture the important elements required for setting standards. Therefore, option B is the most appropriate answer.

Which of the Following Are Methods for Setting Standards