An Unexpected Increase in the Demand for Accountants Will Lead

question 146

Multiple Choice

An unexpected increase in the demand for accountants will lead to

• A) an increase in their earnings and an expansion in the future supply of accountants.
• B) a decrease in the incentive of students to prepare for a career in accounting.
• C) a reduction in the current earnings of accountants, followed by a reduction in the future supply of accountants.
• D) a reduction in the employment of accountants but not their wage rates.

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Definitions:

Journal

A record where all financial transactions are entered in chronological order, serving as the initial place of recording.

Error Indicating

A term that refers to signals or signs that there are mistakes within a system or process.

Operations

Refers to the daily activities and processes involved in running a business or manufacturing goods.

Bank Account

A financial arrangement with a banking institution that allows for the deposit and withdrawal of money.