Which of the following is an example of a direct labor efficiency standard?
A) $20 per direct labor hour
B) 50 square feet per unit
C) $0.95 per square foot
D) 6 direct labor hours per unit
D
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One study found that manufacturing labor costs about ___ an hour in China, compared to ____ dollars in the United States.
A. Less than $1; about 15 B. About $2; about 15 C. Less than $1; about 25 D. $2; about 25 E. Less than $1; about 40
A listing contract contains a clause stating that the seller agrees to pay a commission in exchange for the broker's agreement to use diligence in procuring a buyer. This clause:
a. is redundant and unenforceable. b. is necessary for the creation of a unilateral contract. c. is important for the creation of a bilateral contract. d. requires the broker to advertise the property in numerous formats.