Which of the Following Statements Is True

question 200

Multiple Choice

Which of the following statements is true?

• A)If the number of unemployed falls and the number of people in the labor force rises,the unemployment rate falls.
• B)Both liberals and conservatives feel that the official unemployment rate is too low.
• C)Greater participation by young people in the labor force tends to push the unemployment rate down.
• D)The unemployment rate for blacks is virtually the same as it is for whites.
• E)All of the statements are truE.

Analyze comparisons and contrasts to understand relationships.

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Identify various modes of paragraph development.

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Definitions:

Labor Rate Variance

The variance between the real labor costs and the projected or normative labor costs.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead incurred and the expected (or standard) variable overhead based on output levels.

Direct Materials Purchases Variance

The difference between the actual cost of direct materials purchased and the expected cost, based on standard prices and quantities.

Standard Costs

Predetermined or estimated costs used for budgeting and measuring performance, typically under ideal operating conditions.