Sustainable Development Means

question 109

Multiple Choice

Sustainable development means

• A)increases in per capita real GDP measured by its rate of change per year.
• B)method of redistributing income to the poorest in society.
• C)improvements in labour productivity which lead to greater economic growth and higher living standards.
• D)economic development that meets the needs of the present without compromising the ability of future generations to meet their own needs.

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Definitions:

Liters

A metric unit of volume equal to 1,000 cubic centimeters, commonly used to measure liquids.

Standard Costs

These are predetermined costs of manufacturing a single unit or a number of units of a product during a specific period, based on expected material, labor, and overhead costs.

Price Variance

A variance that is computed by taking the difference between the actual price and the standard price and multiplying the result by the actual quantity of the input.

Direct Labor-Hours

The total hours worked by direct labor employees on the production of goods or delivery of services.