Which Environmental Element Provides Skilled and Unskilled Workers for Certain

question 61

Multiple Choice

Which environmental element provides skilled and unskilled workers for certain trades and industries?

• A)human resources
• B)labor unions
• C)personnel
• D)global community

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Definitions:

Labor Efficiency Variance

A measure of the difference between the actual number of labor hours used and the standard number of labor hours expected to produce a certain level of output.

Materials Quantity Variance

The financial difference between the actual quantity of materials used in production and the standard expected quantity.

Favorable

A term used to describe outcomes or variances that are positive or beneficial to a business, such as lower costs or higher revenues than expected.

Unfavorable

A term used in budgeting and variance analysis indicating costs exceeded the budget or revenue fell short.