Final answer:
The correct answer to which statement is true regarding currently attainable standards is that they can be achieved under efficient operating conditions. These standards are realistic, considering typical variations and maintaining a degree of challenge without expecting perfection.
Step-by-step explanation:
Which of the following statements is true regarding currently attainable standards? The correct answer is c.They can be achieved under efficient operating conditions. These standards are designed to be achievable and appropriate, meaning they should be attainable when a business is operating efficiently while allowing for normal variation in performance such as minor breakdowns, typical interruptions, and average skill levels of employees. They are not to be confused with ideal standards, which assume perfection in all variables and are often unattainable.
Attainable standards consider real-world conditions and gauge what can be accomplished with efficient operations rather than perfect ones. The objective behind these standards is to set goals that are challenging yet possible to meet with a well-designed system, effective management, and a competent workforce.
Striving for operational definitions that are valid, appropriate, meaningful, and reliable is critical. An involved definition considers consistency and the ability to be operationalized in measurements or assessments of performance. This encapsulates the notion that while standards must be rigorous, they must also be grounded in practicality and include allowances for the ordinary contingencies encountered in daily operations.
Moreover, in discussing economic concepts like marketplace efficiency, it is crucial to remember that factors like income distribution matter significantly, as they impact consumers' ability to participate in a market and achieve certain standards of living, such as affording a house or a car.