The National Recovery Administration of 1933 Did All of the Following

question 78

Multiple Choice

The National Recovery Administration of 1933 did all of the following EXCEPT

• A) establish a minimum wage for labor.
• B) make child industrial labor illegal.
• C) set a standard for the maximum hours one could work in a week.
• D) increase competition between companies.
• E) set price and wage floors for most major industries.

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Definitions:

Indirect Cost

Costs that are not directly attributable to a specific job, product, or activity, often including overhead expenses like utilities and rent.

Indirect Material

Materials used in the production process but cannot be directly traced to a final product, such as lubricants and cleaning supplies used in a factory.

Factory Overhead

Encompasses all indirect costs involved in the manufacturing process, such as utilities, maintenance, and management salaries.

Direct Materials

Raw materials that can be directly attributed to the production of goods or services.