The First Airline That Was Able to Allow Passengers to Buy

question 49

True/False

The first airline that was able to allow passengers to buy their plane tickets and reserve their seats online had first-mover advantage.

---

Definitions:

Direct Labor-Hours

The entire sum of hours clocked by employees who are directly involved in product creation.

Labor Rate Variance

The difference between the actual cost of labor and the expected (or standard) cost.

Labor Standards

Benchmarks or criteria set for the amount of time and effort required to perform tasks efficiently and effectively.

Direct Labor-Hours

The total hours worked directly on the production of goods or provision of services, often used as a basis for assigning labor costs to products.