Other Things the Same,which of the Following Could Explain an Increase

question 79

Multiple Choice

Other things the same,which of the following could explain an increase in productivity?

• A)either an increase in human capital or an increase in physical capital
• B)an increase in human capital but not an increase in physical capital
• C)an increase in physical capital but not an increase in human capital
• D)neither an increase in human capital nor an increase in physical capital

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Definitions:

Rate Variance

The difference between the actual rate of expense or income and its expected (standard) rate, often used in variance analysis.

Direct Labor-Hours

The cumulative hours employees directly participating in the production process have worked.

Materials Price Variance

The difference between the actual cost of materials used in production and the expected (or standard) cost of materials.

Variable Manufacturing Overhead

Costs that vary in total in direct proportion to changes in the volume of production, such as indirect materials and utility costs directly tied to production.