If One Were to Consider a University as a Business,how

question 149

Multiple Choice

If one were to consider a university as a business,how would the economists regard the computers in the computer labs

• A)as technology flows
• B)as mechanization flows
• C)as part of the university's stock of capital
• D)as a flow of services from the university's stock of capital

---

Definitions:

Direct Labour Rate Variance

The difference between the actual labor costs incurred and the standard labor costs for the actual production achieved.

Standard Quantity

The predetermined amount of material or inputs expected to be used in the production of a product or service.

Standard Price

The predetermined cost of a single unit of input, such as materials or labor, used in standard costing practices.

Direct Labour

The labor costs for employees directly involved in the production of goods or services.