Which of the Following Will Result in an Increase in Labour

question 50

Multiple Choice

Which of the following will result in an increase in labour productivity?

• A)A decrease in the number of people attending institutions of higher education.
• B)A decline in the amount of human capital per worker.
• C)An increase in technology.
• D)A decline in the capital stock per hour worked.

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Definitions:

Materials and Conversion Costs

The sum of raw materials costs and the costs to convert them into finished goods, including labor and overhead.

Unit Costs

The cost incurred to produce, store, and sell one unit of a product or service, including all variable and fixed costs.

Process Cost Accounting

An accounting method used to track and allocate costs of production by process or department for manufacturing goods.

Job Order Cost Accounting

An accounting method that tracks costs individually for each job rather than for a set period, particularly useful for companies producing unique or custom products.