The Writings of G

question 169

Multiple Choice

The writings of G.MacDougall emphasized which of the following as an explanation of a country's competitive position?

• A) National income levels
• B) Relative endowments of natural resources
• C) Domestic tastes and preferences
• D) Labor compensation and productivity levels

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Definitions:

Machine-Hours

The total operational hours recorded for all machines within a production process, serving as a basis for calculating machine-related costs and efficiencies.

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, maintenance, and salaries for management.

Direct Labor-Hours

Direct labor-hours are the total hours worked by employees directly involved in manufacturing a product or delivering a service.

Standard

A benchmark or a set level of performance or achievement that is established for a process or product.