New Technology in the Form of Computer Spreadsheets Has Increased

question 55

Multiple Choice

New technology in the form of computer spreadsheets has increased the productivity of accountants. This will cause:

• A) firms to move up their demand curves for accountants
• B) the demand curve for accountants to shift to the left, since it requires fewer accountants than it did before to do the same amount of work
• C) the demand curve for accountants to shift to the right since the productivity of accountants has increased
• D) firms to move down their demand curves for accountants

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Definitions:

February

Known as the second month in the Gregorian calendar, it has 28 days in standard years and 29 days in years classified as leap years.

Unit Product Cost

The total cost associated with producing one unit of product, calculated by summing all relevant variable and fixed costs.

Cash Collections

Cash Collections refer to the process of receiving payments from customers for goods or services provided, impacting a company's cash flow.

February

The second month of the year in the Gregorian calendar, known for being the shortest month.