Which of the Following Is Not a Reason Wage Rates

question 44

Multiple Choice

Which of the following is not a reason wage rates may vary from the standard?

• A)To get a job done on time,a manager may need to use more highly skilled,higher-paid workers than prescribed by the standard.
• B)If a manger must pay overtime to meet production requirements,a direct labor rate variance will likely result.
• C)At the time standards are set,managers generally do not have a good idea of the wage rates they will need to pay.
• D)All of these ans choices are correct.

Distinguish between different types of industries based on long-run supply and demand curves.

Interpret graphs related to purely competitive markets, including aspects of allocative efficiency, marginal benefit, and marginal cost.

Explain the significance of price equaling marginal cost for resource allocation efficiency.

Identify the benefits of creative destruction and innovation within purely competitive markets.

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Definitions:

Training Stimulus

A specific environmental event or condition presented with the purpose of eliciting a particular response during the learning process.

Test Stimuli

Specific items or presentations used in experimental settings to elicit responses from subjects under study, aimed at investigating behaviors, perceptions, or cognitive processes.

Stimulus Generalization

A psychological phenomenon where a conditioned response begins to occur in response to stimuli that are similar to the conditioned stimulus.

Discriminative Operant

A type of operant conditioning where the organism learns to respond differently to various stimuli depending on whether the behavior will be reinforced.