Which of the Following Is Most Closely Related to the "Fair

question 153

Multiple Choice

Which of the following is most closely related to the "fair results" approach to fairness?

• A) efficient resource use
• B) having an equal income distribution
• C) voluntary exchange
• D) the command system of allocating resources
• E) price hikes in a natural disaster

---

Definitions:

Support Department Costs

Costs associated with the departments that do not directly engage in manufacturing but support those who do, such as IT, HR, and maintenance departments.

Direct Labor

Refers to the work done by employees who directly contribute to the production of goods or services, such as assembling a product or providing a service.

Production Department Rates

Rates used in manufacturing to allocate costs to products or services, often based on the time spent in various production departments or the resources used.

Support Departments

Units within an organization that provide essential services or support to the core departments but do not directly generate revenue.