When You Change Inventory Prices from the Ledger Settings Update

question 15

Multiple Choice

When you change inventory prices from the ledger settings update price lists screen -

• A)you must change all prices by the same amount
• B)you must change all prices by the same percentage
• C)you must change regular prices before updating preferred prices
• D)none of the above

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Definitions:

Labor Usage

The total amount of labor, measured in hours or number of employees, utilized in producing goods or services.

Average Product

Average product is the output produced per unit of input, calculated by dividing total production by the number of units of input.

Marginal Product

This is the additional output resulting from one more unit of a given input, keeping all other inputs constant.

Labor Employment

The process or state of engaging individuals in work or activities that require the use of their skills and labor in return for payment.