Some Discriminatory Hiring Practices Can Be Expected, Even If Markets

question 157

Multiple Choice

Some discriminatory hiring practices can be expected, even if markets are competitive, as a result of

• A)unrestricted entry and exit in markets.
• B)lower costs of hiring.
• C)a perfectly elastic market demand.
• D)customer preferences.

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Definitions:

Direct Labor Hour

A measure of labor input, which is the time spent by workers directly manufacturing a product.

Direct Materials

Direct materials are raw materials that are directly used in the manufacturing process of a product and are easily traceable to it.

Total Cost

The sum of all expenses incurred in the production of goods or services, including fixed and variable costs.

Job Order Cost System

An accounting system that accumulates costs by individual jobs or batches rather than processes.