Which of the Following Statements Is FALSE About the Kind

question 106

Multiple Choice

Which of the following statements is FALSE about the kind of workers that small businesses employ?

• A)Small businesses employ a larger proportion of younger workers than larger firms.
• B)Small businesses employ a larger proportion of foreign nationals than larger firms.
• C)Small businesses employ a smaller proportion of part-time workers than larger firms.
• D)Small businesses employ a growing percentage of minorities and women.

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Definitions:

Denominator Level

In cost accounting, it’s the level of activity used to allocate fixed costs to products or services, often representing the production capacity.

Budget Variance

This is the difference between the budgeted or planned amount of expense or revenue, and the actual amount incurred or received.

Standard Hours

The set amount of time expected to complete a job or task, often used for planning and assessing the efficiency of operations.

Volume Variance

The difference between the budgeted volume of production and the actual volume, which affects the fixed overhead costs.