Which One of the Following Statements Is Correct

question 142

Multiple Choice

Which one of the following statements is correct?

• A)When marginal product is increasing,average product is decreasing.
• B)When average product is less than zero,marginal product is positive.
• C)When marginal product is increasing and greater than average product,average product is increasing.
• D)When marginal product is zero,total product is at its minimum.
• E)When average product exceeds marginal product,marginal product is increasing.

Develop critical thinking through the application of probability to decision-making.

Understand the differences between direct quotations, paraphrasing, and summarizing.

Recognize and avoid plagiarism by properly citing sources.

Comprehend the correct use of quotation marks with direct quotations.

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Definitions:

Subsidiary Accounts

Detailed accounts linked to a general ledger account that record individual transactions related to that ledger's balance.

General Ledger Control Accounts

Accounts used to summarize the total balances of several subsidiary accounts, facilitating the reconciliation and reporting process.

Subsidiary Ledgers

Detailed ledgers that contain information supporting accounts listed in the general ledger, such as details on accounts receivable, accounts payable, etc.

Subsidiary Ledgers

Detailed records that contain information about specific accounts, which together support and reconcile with summary amounts in the general ledger.