Which of the Following Statements Is Correct

question 138

Multiple Choice

Which of the following statements is correct?

• A)Human capital per worker is a determinant of productivity.
• B)A nation cannot be highly productive in producing goods and services without abundant quantities of natural resources.
• C)Human capital and technological knowledge are the same thing.
• D)All technological knowledge is proprietary.

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Definitions:

Standard Price

A predetermined price established by a company for a product or service, used for budgeting and cost control purposes.

Unfavourable Variances

Unfavourable Variances are cost or revenue variances that indicate a business is performing worse than its budgeted or planned figures.

Cost of Goods Sold

The total cost of manufacturing and delivering a product to a consumer, including raw materials, labor, and other direct costs associated with production.

Credit Entry

An accounting entry that increases a credit account or decreases a debit account, representing the source of funds or value entry in a financial transaction.