Match the Person or Term with the with the Correct

question 23

Multiple Choice

Match the person or term with the with the correct description.
-Louis Brandeis

• A)scientific management
• B)birth-control movement
• C)Industrial Workers of the World
• D)Supreme Court justice
• E)Hull House
• F)United Mine Workers
• G)moving assembly line
• H)Wisconsin Progressive
• I)Socialist leader
• J)Square Deal
• K)Women and Economics
• L)Sierra Club

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses from revenue.

Variable Costing

A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of a product.

Absorption Costing

A system for determining product costs that encompasses all manufacturing expenses, including direct materials, direct labor, and overheads, regardless of them being fixed or variable.

Ending Inventory

The value of goods available for sale at the end of an accounting period.