The Best Example of a Monopsonist Is

question 117

Multiple Choice

The best example of a monopsonist is:

• A) Microsoft.
• B) Ford Motor Company.
• C) the Teamsters Union.
• D) a large army post located in a small community.

---

Definitions:

Number

A mathematical object used to count, measure, and label; fundamental in mathematics and used in counting, ordering, and measuring.

Direct Materials Quantity Variance

The difference between the actual quantity of materials used and the standard quantity expected to be used, multiplied by the standard price per unit.

Overhead

The ongoing expenses of operating a business that are not directly associated with the production of goods or services.

Standard Labor Hours

A measurement in accounting for the amount of time workers are expected to spend on tasks, typically used to plan or assess productivity.