These Are Workplace-Related Principles Identified by the International Labor Organization

question 18

Multiple Choice

These are workplace-related principles identified by the International Labor Organization

• A) freedom of association
• B) the right to organize and collectively bargain
• C) the abolition of forced labor
• D) limited discrimination in employment

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Definitions:

Variable Costs

Costs that vary directly with the level of production or volume of output, such as raw materials and direct labor.

Fixed Costs

Costs that remain constant regardless of the volume of goods or services produced by a business.

Net Income

The total profit of a company after operating expenses, taxes, and all other incomes and expenses have been deducted from total revenue.

Variable Costs

Costs that change in proportion with the level of production or sales volume, such as materials and labor.