Two of the Most Important Factors That May Have Helped

question 19

True/False

Two of the most important factors that may have helped Texas escape the worst of the Great Recession were an increasingly diversified economy lubricated by international trade and a resurgent oil and gas industry.

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Definitions:

Finished Goods Inventory

The stock of completed products that are ready for sale but have not yet been sold.

Factory Payroll

The total amount of salaries and wages paid to employees working in a factory, directly related to manufacturing operations.

Direct Labor

Costs associated with the employees who are directly involved in the production of goods or services.