What Is a Duration Driver

question 13

Multiple Choice

What is a duration driver?

• A) A simple count of the number of times an activity occurs.
• B) An activity measure that is used for the life of the company.
• C) A measure of the amount of time required to perform an activity.
• D) An activity measure that is used for the life of an activity-based costing system.

Understand the implications of the law of diminishing returns on the MRP curve and hiring practices.

Identify how the productivity and market value of resources influence their demand.

Examine the relationship between resource complementarity and resource demand.

Analyze how market competitiveness affects the elasticity of resource demand.

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Definitions:

Tacit Knowledge

Knowledge that is difficult to transfer to another person by writing it down or verbalizing it, often acquired through personal experience.

Formal Academic Knowledge

Structured and systematic knowledge acquired through formal education systems, such as schools and universities.

Knowledge by Description

Understanding that comes from being told or reading about something rather than experiencing it directly or innately.

Intelligence Test

A test of individual differences in general intellectual ability.