A Movement Along the Demand Curve to the Right May

question 261

Multiple Choice

A movement along the demand curve to the right may be caused by a(n)

• A) decrease in income.
• B) increase in supply.
• C) fall in the number of substitute goods.
• D) rise in the price of inputs.

Understand how to calculate direct labor rate variance.

Understand how to calculate direct labor time variance.

Understand how to calculate total direct labor cost variance.

Understand how to prepare a factory overhead cost variance report.

---

Definitions:

Union or Agency Shop Agreements

Contracts requiring all employees of a business to join the union or pay union dues, regardless of whether they are union members.

Union Security Agreements

Contracts between employers and labor unions that ensure the collection of union dues and often require membership as a condition of employment.

Landrum-Griffin Act

Also known as the Labor-Management Reporting and Disclosure Act of 1959, it is a statute that aims to protect union members' rights and improve unions' democratic governance and financial integrity.

Democratic Standards

Criteria or guidelines used to assess the degree to which organizations or societies operate based on democratic principles, such as inclusivity, participation, and fairness.