Which of the General Environmental Sectors Is Affected When Minimum

question 14

Multiple Choice

Which of the general environmental sectors is affected when minimum wage laws are changed?

• A) Economics
• B) Demographics
• C) Sociocultural
• D) Political/legal
• E) Technological

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Definitions:

Machine-Hours

A measure of production time, indicating how many hours machines were operated during a certain period, often used for allocating manufacturing overhead.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate estimated overhead costs to products or services based on a chosen activity base.

Manufacturing Overhead

The indirect costs associated with manufacturing a product, which include expenses such as equipment depreciation, utilities, and salaries for maintenance staff.

Direct Labor-Hours

A measure of the total hours worked directly on the manufacturing of goods.