Which of the Following Workers Would Be the Best Example

question 29

Multiple Choice

Which of the following workers would be the best example of a contingent worker?

• A)An assembly line worker who belongs to a union and has 17 years of seniority.
• B)A worker hired to help work at a manufacturing plant for a few weeks during the firm's peak production season.
• C)An elementary school teacher who just received tenure.
• D)An electrical engineer who frequently travels out of the country to the various manufacturing facilities owned and operated by his firm.

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Definitions:

Equivalent Unit

A measure used in cost accounting to represent a portion of a product in terms of a completed unit.

Cost Reconciliation

The process of analyzing and adjusting the differences between reported costs and actual costs, ensuring accuracy in financial reporting.

Partially Completed Production

Inventory that consists of items in the process of being manufactured but are not yet fully completed.

Equivalent Units

A term used in cost accounting to express the amount of materials or labor consumed in terms of fully completed units of output.