Which of the Following Bodies Deals with Employers on the Workers

question 11

Multiple Choice

Which of the following bodies deals with employers on the workers' collective behalf?

• A) A trade association
• B) An employer representative
• C) An employee organization
• D) A labor union

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Definitions:

Materials Price Variance

The difference between the actual cost of materials used in production and the expected cost under standard costing.

Raw Materials

Basic materials that are used in the production process of manufacturing goods, which are then converted into finished products.

Standard Cost

A predetermined cost of manufacturing, labor, and material as estimated in accordance with standards set by the company.

Direct Materials

These are raw materials that can be directly attributed to the production process of a product, such as steel for a car or flour for a bakery.