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Question
Which of the following statements is FALSE about Standards:
Options
Standards should be simple and easy to understand both for short and for long term.
Standards should be achievable.
Standards should be set in precise qualitative terms.
Standards should be flexible enough to be modified when the need arises, in view of the changes taking place both in the internal as well as external business environments.
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Solution
Standards should be set in precise qualitative terms.
Explanation:
This statement is FALSE because standards should ideally be set in precise quantitative terms (not qualitative) wherever possible. Quantitative standards are measurable and make it easier to compare actual performance objectively. Qualitative terms are often subjective and harder to evaluate accurately.
