Which of the Following Is One of the Outcomes of the Restructuring

question 104

Multiple Choice

Which of the following is one of the outcomes of the restructuring, downsizing, and outsourcing resulting from globalization?

• A) Offering incentives to middle-aged employees to retire early
• B) Encouraging middle-aged professionals to take up entrepreneurship
• C) Offering incentives to young professionals to outperform middle-aged employees
• D) Hiring more middle-aged professionals to supervisory/managerial positions

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Definitions:

Labor Rate Variance

The variance between the real labor expenses incurred and the anticipated standard labor costs for the achieved production output.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead costs incurred and the expected (or standard) costs, based on the efficient use of resources.

Standard Cost Variances

The difference between the actual costs incurred and the standard costs pre-established for manufacturing or production.

Cost Of Goods Sold

The direct expenditures involved in producing the products a company sells, namely labor and materials costs.