Indicate Whether Each of the Following Statements Is True or False

question 90

Short Answer

Indicate whether each of the following statements is true or false.
1. Eliminating a batch of work eliminates both batch-level and product-level costs.
2. Increasing the number of units in a batch increases batch-level costs.
3. Product-level costs are incurred to support specific products or services.
4. Some inventory management costs and engineering design costs are product-level costs.
5. Personnel administration and insurance are examples of facility-level costs.

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Definitions:

Tripartite Board

A governing or advisory board composed of representatives from three distinct groups, often referring to government, employers, and labor unions.

Labor Disputes

Conflicts between employees and employers regarding working conditions, wages, contracts, and other employment issues.

General Motors

An American multinational corporation that designs, manufactures, markets, and distributes vehicles and vehicle parts.

Sit-Down Strike

A form of protest where workers physically occupy their place of employment without working, thereby halting production as a bargaining strategy.