Which of the Following Would Tend to Decrease the Demand

question 182

Multiple Choice

Which of the following would tend to decrease the demand for coal miners?

• A) an increase in the wages of coal miners
• B) an increase in the price of oil
• C) a decrease in the demand for coal
• D) an increase in the supply of coal miners

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Definitions:

External Reporting

The provision of financial and non-financial information to external stakeholders, such as investors, creditors, and regulatory agencies, usually formal and standardized.

Fixed Manufacturing Costs

Expenses that do not change with the level of production, including things like rent for factory space and salaries of permanent staff.

Absorption Costing

An accounting method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed manufacturing overhead) in the cost of a product.

Product Costs

All costs that are involved in acquiring or making a product. In the case of manufactured goods, these costs consist of direct materials, direct labor, and manufacturing overhead. Also see Inventoriable costs.