Kawartha Furniture Uses 8 Workers Working 10 Hours to Produce

question 122

Multiple Choice

Kawartha Furniture uses 8 workers working 10 hours to produce 160 rocking chairs. What is the productivity of these workers?

• A) 1 chair per hour
• B) 2 chairs per hour
• C) 10 chairs per day
• D) 80 chairs per day

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Definitions:

UCC

Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions in the United States.

Adjusted Cost

Adjusted cost refers to the cost basis of an asset after adjustments for stock splits, dividends, and return of capital distributions, used for tax purposes.

Disposal

Refers to the process of getting rid of an asset or substance.

CCA

Capital Cost Allowance, a tax deduction in Canada that represents a yearly depreciation charge for the cost of assets of a business over a period of time.