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What is the LEAST likely reason that the trend in layoffs involves retaining older workers rather than younger workers?
Indirect Labor
Labor costs for employees who assist in the production process but are not directly involved in the creation of the final product, such as supervisors and maintenance workers.
Indirect Materials
Supplies used in the production process that cannot be directly traced to specific products, such as lubricants for machinery.
U.S. Economic Activity
The total production, distribution, and consumption of goods and services within the United States, reflecting the health of the nation's economy.
Cost of Goods Manufactured
The total production cost of goods completed during a specific period, including costs of materials, labor, and overhead.
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