What Geographical Regions Have Always Held the Majority of the Human

question 21

Multiple Choice

What geographical regions have always held the majority of the human population?

• A) The major island nations.
• B) Europe and the Indian subcontinent.
• C) North America and Europe.
• D) Africa and Asia.
• E) North and South America.

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Definitions:

Direct Labor-Hours

The cumulative hours put in by workers who are directly engaged in the manufacturing process.

Standard Labor Rate

The predetermined cost per hour for labor, used in budgeting and costing calculations.

Standard Machine-Hours

A predetermined amount of time that should be required to complete a task or produce a product on a machine, used for planning and efficiency analyses.

Variable Overhead Efficiency Variance

The difference between the actual hours taken to produce something and the standard hours expected, multiplied by the variable overhead rate per hour.