If a Chinese worker earns $1.00 a day, then goods produced by this worker will cost less than the same goods produced by an American earning $18.00 an hour.
Answer the following statement true (T) or false (F)
False
Wage costs are neither all of the production costs nor all of the labor costs, and labor can also exhibit differences in productivity.
You might also like to view...
Opal Company purchased inventory on credit. The effect of this transaction is that the:
A) earnings per share decreased. B) earnings per share increased. C) working capital increased. D) debt to equity ratio increased.
What is the difference between conventional and skill-based pay systems?
What will be an ideal response?
Stereotyping is the generalization of standard UML notations
Indicate whether the statement is true or false
The dimension of design quality that concerns the consistency of performance over time or the probability of failing is which of the following?
A. Reputation B. Serviceability C. Reliability D. Response E. Perceived quality