Modern Technology Has Made It Possible for Individuals Who Work

question 28

Multiple Choice

Modern technology has made it possible for individuals who work in traditionally urban jobs, such as stockbrokers, to live in rural areas. What concept is this an example of?

• A) rural rebound
• B) urban boomerang
• C) city-to-country exchange
• D) rural flight

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Definitions:

Direct Labor Budget

A projection of the total costs associated with the direct labor needed for a specific period, based on projected levels of production or services.

Direct Labor-Hour

Direct labor-hour refers to the amount of labor time spent by workers directly manufacturing a product or delivering a service, used as a basis for allocating overhead costs.

Labor Rate

The amount paid per hour of labor, including wages and sometimes additional benefits, for direct and indirect labor.

Direct Materials Purchase Budget

A financial plan that estimates the raw materials required for production and their associated costs, aiding in financial and operational planning.