When the Number of Families with Someone Employed by the Government

question 152

Multiple Choice

When the number of families with someone employed by the government is added to those receiving income from transfer programs, the share of American families receiving income from the government is

• A) less than 20 percent
• B) approximately 50 percent of the total
• C) approximately 62 percent of the total
• D) a little more than 75 percent of the total

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Definitions:

Direct Labor Budget

A financial plan that estimates the cost of the labor needed to meet production goals, including wages and hours.

Manufacturing Overhead Budget

A financial plan that estimates the costs of indirect materials, labor, and other expenses needed to operate a manufacturing facility.

Production Units

A measure of output from a production process, with one unit representing an item or a defined amount of service produced.

Unit Sales

The total number of individual items or units that a company has sold within a particular period.