The Direct Materials Quantity Standard Would Not Be Expressed in

question 77

Multiple Choice

The direct materials quantity standard would not be expressed in

• A)kilograms.
• B)barrels.
• C)dollars.
• D)board metres.

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Definitions:

Efficiency Wage

Wage that a firm will pay to an employee as an incentive not to shirk.

Shirking

The behavior of employees reducing their effort or productivity, especially when their work effort is unmonitored or difficult to measure.

Unemployment

The situation in which individuals who are capable of working and are actively seeking employment are unable to find a job.

Professional Baseball

A sport played by athletes who receive compensation for their performance, often associated with leagues and teams that are part of the organized sport industry.