In the Last 20 Years All of the Following Measures

question 47

Multiple Choice

In the last 20 years all of the following measures of the manufacturing sector have declined except

• A) total employment in manufacturing.
• B) manufacturing employment as a share of the labor force.
• C) manufacturing output as a share of GNP.
• D) total manufacturing output.

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Definitions:

Relevant Range

The band of normal activity level or volume in which specific cost and revenue relationships hold true.

Mixed Costs

Expenses that have both fixed and variable components, changing in total with the level of activity but not in a directly proportional manner.

Selling and Administrative Expenses

Costs related to the selling of products and the managing of the company, excluding production costs.

Contribution Margin

The amount of revenue remaining after deducting variable costs, contributing towards covering fixed costs and generating profit.