If New Production Technology Is Put into Practice That Allows

question 78

Multiple Choice

If new production technology is put into practice that allows workers to increase their productivity and process more chickens per hour, then the real wage of unskilled workers in poultry processing plants is predicted to _____ and the employment of unskilled workers in poultry processing plants is predicted to _____.

• A) increase; increase
• B) increase; decrease
• C) increase; not change
• D) decrease; decrease

Recognize the significance of customer satisfaction and retention strategies.

Assess the deployment and integration challenges of CRM systems.

Understand the differences between pull and push models in supply chain management.

Comprehend the role and impact of JIT (Just-In-Time) systems on inventory management.

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Definitions:

Materials Quantity Variance

The difference between the actual and the standard amount of materials used in production, valued at the standard cost.

Labor Rate Variance

The difference between the actual cost of labor and the budgeted or standard cost, often used in budgeting and cost management.

Variable Overhead Rate Variance

The difference between the actual variable overheads incurred and the expected variable overheads based on standard rates.

Labor Rate Variance

The difference between the actual labor rate paid and the standard rate expected, multiplied by the total hours worked.