Improvements in Labor Productivity

question 19

Multiple Choice

Improvements in labor productivity

• A) affect the level of wages, but do not affect the rate of economic growth.
• B) affect the level of profit, but do not affect the rate of economic growth.
• C) hinder economic growth, because they cause unemployment.
• D) contribute to economic growth.

Estimate sales required to achieve a target profit.

Understand the concept of contribution margin ratio and its application in determining target profit sales.

Compute margin of safety in both dollars and percentage terms.

Calculate monthly break-even points in units and total dollar sales.

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Killing Power

The effectiveness or capability of a substance or action to cause death.

Formaldehyde

A colorless, strong-smelling gas used in various manufacturing processes and as a preservative in medical laboratories.

Germicide

A substance or agent that kills germs, especially pathogenic microorganisms.

Sporicide

An agent specifically formulated to kill spores, which are highly resistant forms of bacteria.