If Employers Are Profit-Maximizers, Then

question 122

Multiple Choice

If employers are profit-maximizers, then

• A)competition will always eventually eliminate employment discrimination.
• B)employment discrimination may persist if consumers discriminate.
• C)employment discrimination will persist because it is always profitable.
• D)compensating differentials cannot exist.

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Definitions:

Materials Price Variance

The difference between the actual cost of materials and the standard (or expected) cost, indicating how much more or less was spent on materials than was planned.

Labor Rate Variance

The difference between the actual cost of labor and the budgeted cost of labor at the standard rate.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on standard cost accounting.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on the predetermined rate.