The Knowledge and Skills That Workers Have Built Up Through

question 49

Multiple Choice

The knowledge and skills that workers have built up through education and training programs is known as ________.

• A)the college premium
• B)human capital
• C)productivity
• D)financial torsion

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Definitions:

Direct Labor-Hours

The total hours worked directly on manufacturing goods or providing services.

Manufacturing Overhead

Indirect costs related to manufacturing that do not include direct materials or direct labor.

Predetermined Overhead Rate

A rate calculated before the accounting period begins, used to allocate overhead costs to products or services.

Machine-Hours

A measure of production output or operational time, calculated by the number of hours machines are running.