If the Economy's Capital Increases Over Time

question 55

Multiple Choice

If the economy's capital increases over time,

• A)net investment is positive.
• B)depreciation is less than zero.
• C)depreciation exceeds gross investment.
• D)gross investment equals depreciation.
• E)gross investment is zero.

Understand the rationales and outcomes of strikes and how they influence employer-employee negotiations.

Distinguish between different types of strikes and their legal protections under the NLRA.

Recognize the economic and public relations consequences of strikes for employers, employees, and unions.

Understand the legal framework surrounding the use of strike replacements.

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Definitions:

Activity-Based Costing

is a method of accounting that assigns costs to products based on the activities they require, aiming to provide more accurate product costing.

Activity Rate

The activity rate refers to a predetermined overhead rate used in activity-based costing to allocate costs to products or services based on specific activities.

Predetermined Overhead Rate

A rate calculated before the accounting period begins, used to assign overhead costs to products or job orders based on a relevant activity base such as machine hours or labor hours.

Direct Labor-Hours

The sum of all hours spent by workers who are directly engaged in manufacturing, used as a foundation for distributing labor expenses to products or services.