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svetoff [14.1K]
3 years ago
12

The efficiency of labor is a term that does not reflect the: A. high output that comes from labor cooperating with a large amoun

t of capital. B. health of the labor force. C. education of the labor force. D. skills of the labor force acquired through on-the-job training.
Business
1 answer:
ZanzabumX [31]3 years ago
7 0

Answer:

C. education of the labor force.

Explanation:

When we talk about labor efficiency, we talk about the capabilities of the labor force in respect to the given job.

Education does not necessarily ensures the efficiency of the labor, as academic qualifications does not ensure the skills of labor.

Thus, following are the para-meters of efficiency of labor force:

  • High output in relation to high capital budget, as will ensure high efforts from labor force also.
  • health of labor force is clearly related to efficiency as with high output the health of labor is assumed to be good.
  • skills acquired on the job, through skill training, clearly impact on value addition of skills related to particular job and efficiency of labor.

Thus, correct option is

C. education of the labor force.

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Use the as/ad model to describe the effect of each of the following events on the economy of snezhanka (a fictitious nation). be
marusya05 [52]

The following would happen

  • Aggregate income would increase for households. They would have a rise in output.

<h3> taxes on households are decreased</h3>

When the taxes are decreased, the households would have a rise in their purchasing power. Their output would go up form q to q2.

<h3> taxes paid by firms are decreased</h3>

The cost of the firms production is going to fall. The firm would then be able to raise their production hence increasing their supply. Output would rise and price level would fall.

<h3>the value of the national currency, the snezhankan lev, declines in the international currency market?</h3>

If the value of the currency should fall, then it would cause the demand for foreign goods to rise then there would be a new equilibrium in the market.

<h3> a revolutionary new machine, the apparat, increases worker productivity</h3>

An increase in productivity would raise supply for the producer hence bringing about a new rise in the price level.

Read more on aggregate demand and aggregate supply here:

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4 0
2 years ago
He Silver Company uses a predetermined overhead rate in applying overhead to production orders on a labor cost basis in Departme
Troyanec [42]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Dept.A Dept.B

Direct labor cost $ 63,000 $ 40,000

Manufacturing overhead $ 80,010 $ 68,450

Machine-hours 4,700 18,500

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Departement A:

Estimated manufacturing overhead rate= 80,100/63,000= $1.127 per direct labor cost

In % terms= 127% of direct labor cost.

Department B:

Estimated manufacturing overhead rate=  68,450/18,500= $3.7 per machine hours

3 0
3 years ago
The Thomlin Company estimates that total overhead for the current year will be $16,000,000 and that total machine hours will be
anzhelika [568]

Answer:

d. $80 per machine hours

Explanation:

The computation of the overhead rate is shown below:

Overhead rate = Estimated total overhead cost ÷ total machine hours

= $16,000,000 ÷ 200,000 hours

= $80 per machine hours

The overhead rate is come by dividing the estimated total overhead rate by the total machine hours

All the other information that is mentioned is not considered. Hence, ignored it

4 0
3 years ago
The Filling Department of Lilac Skin Care Company had 4,000 ounces in beginning work in process inventory (70% complete). During
Sloan [31]

Answer:

Direct Materials = 49,000 units

Conversion Costs = 45,280 units

Explanation:

<em>Hi, your question is incomplete. I have uploaded the full question as image below.</em>

Equivalent units are physical units of outputs expressed as percentage in terms of work done on them.

Equivalent units calculation :

Direct Materials = 42,800 x 100 + 6,200 x 100 % = 49,000 units

Conversion Costs = 42,800 x 100 + 6,200 x 40 % = 45,280 units

7 0
3 years ago
In an effort to make better and more efficient purchase decisions, the Ford Motor Co. includes various people, depending on the
expeople1 [14]

Answer:

Buying Center.

Explanation:

A Buying Center is a group if individuals within an organization that are responsible for making purchase decisions.

The Buying Center is also called the Decision Making Unit (DMU), and it includes personnel from various departments.

7 0
3 years ago
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