Which of the Following Occurrences Is NOT a Source of Productivity

question 257

Multiple Choice

Which of the following occurrences is NOT a source of productivity growth?

• A) increasing the capital-to-labor ratio
• B) increasing the level of consumption spending
• C) increasing the quality of the labor force
• D) improvements in technology

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Definitions:

Actual Variable Manuf. Overhead

The real costs incurred from indirect, variable production expenses, assessed after the production process is completed.

Variable Manufacturing Overhead

These are manufacturing overhead costs that vary with the level of production output, such as utilities or materials used in the manufacturing process.

Materials Price Variance

The difference between the actual cost of materials used in production and the expected cost based on standard prices.