What Is a "Dependency Ratio

question 6

Multiple Choice

What is a "dependency ratio?"

• A) the ratio of the number of people who don't work for every 100 people of working age and available as caregivers
• B) the ratio of children for every 100 people above age 18
• C) the ratio of people over 65 for every 100 people under 18
• D) the ratio of the number of people who don't have a retirement plan for every 100 people who do

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Definitions:

Direct Labor Rate Variance

The difference between the actual cost of direct labor and the standard cost, indicating efficiency in labor usage.

Direct Labor Rate Variance

The difference between the actual labor cost incurred and the expected (or standard) labor cost for the actual production level.

Direct Labor Variances

The differences between the budgeted and actual labor costs incurred during a production process, analyzed to control and optimize labor expenses.

Research Development

The systematic activity combining both basic and applied research, aimed at discovering solutions to problems or creating new goods and knowledge.