A Sawmill Processes Logs into Timber

question 76

Multiple Choice

A sawmill processes logs into timber.Identify the costs below that are an example of a fixed cost.(i) rent paid on the factory
(ii) maintenance of the trucks used for transport of logs
(iii) wages of the workers

• A)(i) only
• B)(i) and (ii)
• C)(ii) and (iii)
• D)(i), (ii) and (iii)

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Definitions:

Wagner Act

The National Labor Relations Act of 1935, known as the Wagner Act, established the legal right for workers to join unions and engage in collective bargaining in the United States.

Unionization Levels

The extent to which workers in a particular sector or country are organized into unions.

Increased Dramatically

A phrase used to denote something that has escalated significantly or risen sharply in scale or extent.

Right-to-Work Law

Legislation that prohibits agreements between labor unions and employers that make membership or payment of union dues a condition of employment.