An Increase in the Quantity And/or Quality of Labor Available

question 261

Multiple Choice

An increase in the quantity and/or quality of labor available could be due to each of the following, EXCEPT:

• A) an increase in the working age population.
• B) more women entering the workforce.
• C) strict immigration policy enforcement.
• D) an increase in the college graduation rate.

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Definitions:

Variable Costing

An accounting method that includes only variable production costs (material, labor, and overhead) in product costs, with fixed overhead expenses treated as period costs.

Common Fixed Expenses

Fixed costs that are not tied to any specific product or segment and are incurred by the business as a whole.

Net Operating Income

The profit realized from a business's operations after subtracting operating expenses from operating revenues.

Break-even

The point at which total revenues equal total costs, resulting in no net profit or loss for the business.