Over the Last Century, Direct Labor Costs Have Become Relatively

question 13

True/False

Over the last century, direct labor costs have become relatively larger, and overhead costs have become relatively smaller, as a fraction of total production costs.

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Definitions:

Return

The income generated from an investment, expressed as a percentage of the investment's original cost.

Markowitz Efficient Frontier

A graphical representation of the most efficient portfolios that provide the best possible return for a given level of risk.

Standard Deviation of Returns

A measure of the volatility of the returns on an investment, indicating the typical deviation from the average return.

Specific Risk

Specific risk is a type of risk that affects a very small number of assets, also known as unsystematic risk, and is associated with factors unique to a particular company or industry.