Workers Today Are More Productive Than Workers in the Past

question 299

Multiple Choice

Workers today are more productive than workers in the past because:

• A)they now are physically stronger on average.
• B)they now have more physical capital embodying better technology.
• C)more of them use the same number of machines as in the past.
• D)they are paid more.

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Definitions:

Activity-based Costing

Activity-based costing (ABC) is an accounting methodology that assigns costs to products and services based on the resources they consume.

Costs Of Quality

The total costs associated with preventing, detecting, and correcting defective work, divided into prevention costs, appraisal costs, and failure costs.

Unit-level Activities

Tasks or operations that vary directly with the number of units produced or services rendered.

Overhead Cost

Costs incurred from running a company that are not directly linked to any individual product or service.