Office Workers and Word Processing Programs Are Complements If

question 73

Multiple Choice

Office workers and word processing programs are complements if:

• A)an increase in the price of word processing programs leads to an increase in the demand for office workers.
• B)a decrease in the wage paid to office workers leads to an increase in the demand for word processing programs.
• C)they perform similar functions.
• D)a decrease in the wage paid to office workers leads to a leftward shift in the demand for word processing programs.

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Definitions:

Union Contract

A legal agreement between a labor union and an employer that outlines the terms of employment, including wages, working hours, work conditions, and grievance procedures.

Direct Labor Time Variance

The difference between the actual time taken to manufacture a product and the standard time expected, multiplied by the hourly wage rate.

Direct Labor

The wages paid to workers directly involved in the production of goods or services.

Budget Performance Report

A financial report that compares actual financial results to planned or budgeted figures, highlighting variances and their causes.