One Way Automation Can Lead to the Creation of New

question 16

Multiple Choice

One way automation can lead to the creation of new jobs is by

• A) producing products quicker, thus shortening the work week.
• B) reducing the price of a product, thus increasing people's real income.
• C) consuming fewer resources, thus improving the environment.
• D) All of the above
• E) None of the above is true. Automation always causes a net loss of jobs.

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Definitions:

Customer Refunds Payable

A liability account for estimated refunds and allowances that will be paid or granted to customers in the future.

Estimated Returns Inventory

A current asset account for the estimated amount of merchandise that will be returned by customers.

Customer Refunds Payable

Liabilities owed to customers for products or services that were sold but later returned or found unacceptable.

Perpetual Inventory

An inventory tracking system that records the sale or purchase of inventory immediately through the use of computerized systems.