If It Takes 20 Hours to Make a Boat Motor

question 2

Multiple Choice

If it takes 20 hours to make a boat motor and direct labor employees are paid $10 per hour, how much does it cost for labor to make 100 motors?

• A) $1,000
• B) $2,000
• C) $16,600
• D) $20,000

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Definitions:

Social Class

A division of a society based on social and economic status, often influencing an individual's opportunities and quality of life.

Lifestyles

The way a person or group lives, including their behaviors, attitudes, and values, which are often influenced by cultural, social, and economic factors.

Achieved Status

A social position that a person earns or chooses based on their actions, efforts, and skills, contrasted with ascribed status which is born into.

Material Wealth

The abundance of physical, tangible assets and resources owned by an individual or collective, often used as a measure of economic success or standard of living.