1- Select a product with which you are familiar. Describe what types of standard (direct material and direct labor) might be in effect for the product wherever it is produced. For each of these standards, discuss how those standards may become outdated. How frequently would you think the company need to evaluate each of the standards? 2- Think of a company that manufactures a product. What type of standards do you think that company might have regarding its sustainability efforts? Do you think sustainability standards would be beneficial for the company? Why or why not?
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