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Question 1: Companies sometimes develop standards based on historical data. Which of the following statements about this approach is correct?
Option A. This is an appropriate approach for the mature production process.
Option B. This is an appropriate approach for processes that are labour intensive.
Option C. This is an inappropriate approach because it is a relatively more expensive approach to standard-setting.
Option D. This approach is only acceptable for manufacturing companies.
What managerial problems or opportunities would each of the three studies address? identify three possible research topics related to the subject of the course.
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