Which of the Following Is NOT TRUE About the Process

question 82

Multiple Choice

Which of the following is NOT TRUE about the process of capital intensification?

• A) is essentially the substitution of capital for labor
• B) is a long term trend under capitalism
• C) when firms seek to reduce costs and raise productivity by using machines instead of workers
• D) is most likely to be used when labor costs are low
• E) is most likely to be used when labor costs are high

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Definitions:

Job Order Cost

An accounting method that tracks the expenses of manufacturing a specific job or batch of goods, including materials, labor, and overhead.

Similar Products

Products that are alike in function or specifications, often compared for market competition analysis or consumer choice evaluation.

Process Cost System

An accounting method used to track production costs when products are indistinguishable from each other and produced on a large scale.

Job Order Cost

A method of cost accounting that gathers the costs of manufacturing a specific batch or job, including labor, material, and overhead.