The Supply Curve of a Human Resource Will Be More

question 118

Multiple Choice

The supply curve of a human resource will be more elastic the

• A) easier it is to obtain the skill and knowledge necessary to provide the resource.
• B) more elastic the demand for the product.
• C) more inelastic the demand for the product.
• D) higher the skill level necessary to perform the job.

Recognize the differences in data capacity between the various units of measurement.

Identify the basic elements of data and information processing.

Understand how computers process and represent data and instructions.

Distinguish between data and information.

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Definitions:

Cost of Goods Sold

Expenses specifically related to producing the items that a business markets and sells.

Balance Sheet

This report presents a summary of a firm's financial status by listing its resources, debts, and the equity held by investors on a certain date.

Spreadsheet

A digital tool or program that allows users to organize, calculate, and analyze data across a grid of rows and columns.

Job-Order Costing

An accounting system used to ascertain costs for each job or project separately, often used in manufacturing or service industries where each job is different.