In Setting Price Standards for Materials and Labor

question 12

Multiple Choice

In setting price standards for materials and labor,

• A) the purchasing department must consider discounts, freight, and quality.
• B) personnel must consider payroll taxes, fringe benefits, and qualifications.
• C) it is the joint responsibility of operations, purchasing, personnel, and accounting.
• D) All of these.
• E) None of these.

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Definitions:

Productivity

The effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input.

Experimental Group

The group in an experiment that receives the treatment or intervention under study, allowing researchers to measure its effects.

Room Temperature

The ambient temperature of a living space, usually considered to be around 20-22 degrees Celsius or 68-72 degrees Fahrenheit.

Aggressive Behaviour

Actions or responses by an individual that are intended to harm or intimidate another.