Why Doesn't the Minimum Job Proposal Offer Jobs Commensurate with People's

question 23

Multiple Choice

Why doesn't the minimum job proposal offer jobs commensurate with people's skills and education?

• A)The monitoring costs of such a job would be too high, because people will claim to have high skills when they really don't.
• B)These people can find such jobs in the marketplace because their skills are valued, making them in high demand.
• C)The proposal doesn't believe these people provide more productive skills that other workers.
• D)These people are holding out for a job in the marketplace. Providing them with jobs wouldn't be offering a minimum job, which is the program's objective.

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Definitions:

Standard Cost Variances

The differences between the expected standard costs of manufacturing a product and the actual costs incurred.

Work in Process Inventories

Partially completed goods that are still undergoing the production process.

Standard Fixed Manufacturing Overhead Rate

This refers to the predetermined rate at which fixed manufacturing overhead costs are allocated to units of production, based on an expected level of activity.

Work in Process

Goods in various stages of production, not yet completed but not as raw materials, within a manufacturing process.