Which of the Following Is Not Likely to Cause a Labor

question 70

Multiple Choice

Which of the following is not likely to cause a labor efficiency variance?

• A)We produced more units than were budgeted.
• B)There was a flu outbreak and workers had to cover unfamiliar positions.
• C)We purchased materials that were poor in quality.
• D)One of the supervisors discovered a way to streamline a process.

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Definitions:

U.S. Interest Rates

The rate at which interest is paid by borrowers for the use of money that they borrow from lenders, specifically within the United States.

Automatic Stabilizers

Economic policies and programs, such as unemployment insurance and taxation, that automatically help stabilize an economy by increasing or decreasing with the economic cycle.

Annually Budgeted

Annually budgeted refers to the process of allocating financial resources and planning expenditures for a year ahead.

Expansionary Gap

A situation where the actual economic output exceeds the potential output significantly, often leading to inflation.