Which of the Following Could Save a Smaller Proportion of Their

question 12

Multiple Choice

Which of the following could save a smaller proportion of their earnings to achieve the same level of wealth as the others?

• A) Social workers
• B) School teachers
• C) Medical doctors
• D) All would save the same percentage of earnings to reach the same level of wealth.

---

Definitions:

Direct Labour Cost

The cost that can be directly attributed to the production of goods or services, including wages and benefits for workers who are actively involved in the manufacturing process.

Direct Material

Raw materials that are directly traceable to the manufacturing of a specific product and are an essential component of its production.

Process Costing

An accounting methodology used for homogenous products, where costs are assigned to production processes or departments and averaged over the units produced.

Cost per Unit

The cost to produce a single unit of product, calculated by dividing the total production cost by the number of units produced.