What Is Not an Effect of Deregulation in the Airline

question 91

Multiple Choice

What is not an effect of deregulation in the airline and trucking industries?

• A)Lower prices of many services
• B)Increased entry of new firms into deregulated industries
• C)Lower income to unions working in deregulated industries
• D)Improvements in the quality of services

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Definitions:

Standard Hours Allowed

The time allocated for a job or process to be completed, based on efficiency and productivity standards.

Actual Direct Materials

The actual amount of raw materials used in the production process.

Standard Price

A set cost figure used to value inventory or measure cost performance, often compared to actual prices to calculate variances.

Material Price Variance

The difference between the actual cost of materials purchased for production and the standard cost, indicating how much more or less was spent than expected.