In Recent Years,the Emergence Of_______ Has Changed the Nature of Work

question 23

Multiple Choice

In recent years,the emergence of_______ has changed the nature of work and threatened the jobs of many workers.

• A)closed shop agreements
• B)global competition
• C)scientific management
• D)yellow-dog contracts

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Definitions:

Direct Materials

Direct materials are raw materials that are directly traceable to the manufacturing of a product and are a component of the total manufacturing cost.

Fixed Overhead Rate

A predetermined rate used to allocate fixed overhead costs to cost objects, calculated at the beginning of a period based on estimated costs and activity levels.

Fixed Factory Overhead Volume Variance

The difference between the budgeted and actual fixed overhead costs attributed to variations in production volume.

Gross Profit

The financial difference between revenue and the cost of goods sold before other expenses are deducted.