Which of the Following Statements Is True

question 142

Multiple Choice

Which of the following statements is true?

• A)When the forces of supply and demand determine for whom goods are produced in a society,an equitable distribution of income will naturally result.
• B)An external cost will occur when some of the benefits derived from production of some good or service are enjoyed by a third party.
• C)One of the roles of our government is to transfer some income from the rich and the middle class to the poor.
• D)According to most economists' definition of competition,the American economy is very competitive.

Analyze and calculate the direct labor variances, including labor efficiency and rate variances.

Understand the computation and significance of variable manufacturing overhead variances, including both efficiency and rate variances.

Determine the standard costs of direct materials, labor, and manufacturing overhead for a product.

Calculate the overall variances for materials, labor, and overhead to assess budget performance and cost control.

---

Definitions:

Equipment

Tools, devices, or machinery designed for a specific purpose or function, often used to carry out particular tasks more efficiently or safely.

Nursing Interventions

Actions undertaken by nurses to enhance patient outcomes, ranging from direct patient care to coordinating healthcare services.

Bed Rest

A medical treatment that involves lying in bed for most of the day to aid in the recovery of an illness or condition.

Preoperative Exercises

Physical activities recommended before surgery to enhance recovery and health outcomes.