Advances in Technology Always Result in Net Job Destruction, Which

question 90

True/False

Advances in technology always result in net job destruction, which is one of the main reasons unemployment rates have continued to increase over time.

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Definitions:

Direct Materials Cost

The cost of materials that are an integral part of the finished product.

Units Produced

The total number of units of product a company manufactures over a specific period of time.

Fixed Cost

Costs that do not vary with the volume of production or sales, such as rent, salaries, and insurance.

Relevant Activity Base

A factor that directly influences the costs incurred during a business activity, used for allocating costs in activity-based costing.