If Your Personal Savings Rate Is Negative It Means That

question 124

Multiple Choice

If your personal savings rate is negative it means that you:

• A)have no savings at all
• B)spent more than you've earned
• C)removed more money from your savings account than what you've deposited
• D)spent more than you earned and removed cash from your savings for the period in question

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Definitions:

Machine-Hours

A measure of production output or activity calculated as the total hours that machines are operated over a specific period.

Standard Hours Allowed

The amount of work time allowed for the completion of a task, against which actual hours are compared for performance analysis.

Direct Labor-Hours

Total time directly invested in the creation of a product or the provision of a service.

Variable Overhead Efficiency Variance

A measure used to evaluate the efficiency of variable overhead resources used in production relative to the standard consumption expected.