Which of the Following Would Be Least Likely to Affect

question 89

Multiple Choice

Which of the following would be least likely to affect the supply of automobiles?

• A) increased wages for members of the Canadian Auto Workers union
• B) a successful physical fitness plan encouraging Canadians to walk rather than drive to their destinations
• C) higher prices for steel and other resources used in producing automobiles
• D) a technological improvement reducing the production costs of automobiles

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Definitions:

Finished Products

Goods that have completed the manufacturing process and are ready for sale.

Beginning Inventory

The value of goods available for sale at the start of an accounting period.

Production Planning

The process of determining the production schedule, indicating how, when, and by whom specific products will be produced.

Production Budget

An estimate of the total cost of production that includes direct labor, materials, and overhead expenses for a specific period.