An industry in which employee costs are a high percentage of expenses is calledGroup of answer choicessweatshop.day labor hires.labor intensive industry.white collar jobs.union shops.

Another term for factors of production isGroup of answer choicesoutputs.revenues.inputs.costs.profits.

Small-quantities of production of goods is most closely associated with –Group of answer choicescottage industry.brick and mortar industry.assembly line industry.Fordism.

In a _____, the factors of production are owned collectively rather than individually, and no incentives to work harder or to produce quality products are provided.Group of answer choicesprivate enterpriseScratchcommunist economic systemScratchmixed economyScratchsocialisticScratchcapitalisticScratch

Which of the following companies would be the most likely to use job-order costing as opposed to process costing?Group of answer choicesBreweryPaper millTyre manufacturerShip builderSoft drink manufacturer

Price floors in labor markets designed to provide fair standards of living are called:Group of answer choicesequal wagesminimum wageswage subsidiesliving wages