Standard cost system may be inadequate in a competitive environment for which of the following reasons?
I. They provide little guidance for improving manufacturing processes;
II. They can sometimes drive a manager to make the wrong decision just to "look good";
III. Absorption accounting may lead to excess production;
IV. Cost standards often provide misleading information;
答案解析
解析：
Absorption costing may hide the fact that some items deemed profitable are really unprofitable because they consume large amounts of resources;
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