The Sherman Act and the Clayton Act

question 52

Multiple Choice

The Sherman Act and the Clayton Act:

• A) were intended to protect small producers.
• B) were aimed at efforts to restrain trade or lessen competition.
• C) were passed before the Depression of the 1930s.
• D) All of these are correct.

---

Definitions:

Direct Labor

Wages or costs directly associated with workers who are involved in the production of goods or services.

Continuous Process

A manufacturing or production process that operates without interruption, typically in industries where the product is produced in a flow rather than discrete units.

Applied Overhead

The portion of manufacturing overhead costs allocated to individual units of production based on a predetermined rate.

Direct Labor

Direct labor refers to the wages and other costs for labor that is directly involved in the production of goods, such as assembly line workers.