A quantity standard indicates how much of an input should be used to make a unit of product or provide a unit of service.
a) true
b) false

The Quantity standard is an amount that a business sets based on different factors that they believe should be the optimal amount of input to be used in a the production of a good or the provision of a service.

This will enable the business to better estimate their costs and requirements as well as compare actual production to standard production so that they may keep improving the efficiency of the business.

A quantity standard indicates how much of an input should be used to make a unit of product or provide a unit of service. a) true b) false

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A quantity standard indicates how much of an input should be used to make a unit of product or provide a unit of service.
a) true
b) false