The Presence of Positive Externalities _____ Justify the Current Structure

question 24

Multiple Choice

The presence of positive externalities _____ justify the current structure of government programs for higher education.

• A) should
• B) does
• C) should not
• D) does not

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Definitions:

Machine-Hours

A measure of the amount of time a machine is used during the production process, often used in costing and budgeting.

Direct Labor-Hours

The number of hours spent by workers directly involved in the manufacturing of a product or delivery of a service.

Manufacturing Overhead

The indirect production costs that are not directly associated with the manufacturing of products, such as utilities and rent for the manufacturing facility.

Predetermined Overhead Rate

A computed rate used for applying overhead costs to products or job orders, calculated before the period begins based on estimated costs.