Exhibit 1A-4 Straight Line

question 14

Multiple Choice

Exhibit 1A-4 Straight line

-In Exhibit 1A-4,as X increases along the horizontal axis,corresponding to points C-D on the line,the Y values decrease.The relationship between the X and Y variables is:

• A)direct.
• B)inverse.
• C)independent.
• D)variable.

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Definitions:

Labor Standards

Benchmarks or norms established for the amount of labor required to perform a task efficiently, often used to set production targets and labor budgets.

Particular Product

A specific item or good offered for sale by a business.

Labor Rate Variance

The difference between the actual cost of labor and the expected (or budgeted) cost of labor based on standard rates and hours.

Labor Standards

Benchmarks or norms for the amount of labor time required to perform a certain task or produce a certain amount of goods.