Which of the Following Would Be an Effect of Increased

question 19

Multiple Choice

Which of the following would be an effect of increased technology on the labor market?

• A) People with fewer skills may face more difficulty getting a job.
• B) The unemployment rate would tend to increase.
• C) People with high levels of technical skill may see reduced compensation.
• D) The advantage to gaining a college education would be reduced.

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Definitions:

Activity Variance

The difference between budgeted activity levels and actual activity levels.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance.

Variable Costs

Expenditures that are directly linked to the production or sales volume, including direct labor and raw materials.

Refurbishing Materials

Materials used in the process of cleaning, repairing, and updating an item to bring it back to a like-new condition, often in electronics and furniture.