Technological Changes That Increase Productivity Shift the

question 92

Multiple Choice

Technological changes that increase productivity shift the

• A)Production function downward.
• B)Average total cost curve downward.
• C)Marginal cost curve upward.
• D)Marginal physical product curve downward.

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Definitions:

Bank Reconciliation

Bank Reconciliation is the process of matching and comparing an organization’s financial records against the bank statements to ensure accuracy and consistency in the accounts.

NSF Check

A cheque that has been returned by a bank because the account it was drawn on did not have sufficient funds.

Outstanding Checks

Checks issued by a company awaiting cashing or clearance by the bank.

Adjusted Cash Balance

The cash amount shown in a company's books after adjustments have been made for checks outstanding, deposits in transit, and other factors.