Factors That Influence Productivity and Therefore Growth Are

question 100

Multiple Choice

Factors that influence productivity and therefore growth are:

• A)physical and human capital per worker and technological advances.
• B)government independence.
• C)more government intervention in the marketplace.
• D)increased consumption and less investment spending.

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Definitions:

Favorable

A term used in accounting and finance to indicate that actual costs were lower than planned or budgeted costs.

Standard Cost System

An accounting system that uses standard costs for products or services for the purpose of controlling costs and assessing operational performance.

Standard Direct Labor-Hours

The estimated amount of labor hours required to produce a unit of product, used in budgeting and variance analysis.

Denominator Level

The activity level used to compute a predetermined overhead rate, often reflecting capacity or expected usage.