Which of the Following Is Unlikely to Be a Source

question 7

Multiple Choice

Which of the following is unlikely to be a source of increasing productivity?

• A) better raw materials even if there are no changes in factor quantities or proportions
• B) increases in technological know- how
• C) better organization of production
• D) substitution toward labour and away from capital (with constant technology)
• E) better- trained labour

Determine and analyze the current ratio as a measure of liquidity.

Understand the fiscal policy regarding the beginning and end dates of a fiscal year for a business.

Recognize the procedure for adjusting trial balances and its purpose.

Understand how to prepare financial statements from adjusted trial balances and end-of-period spreadsheets.

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Definitions:

Induction

The process of reasoning from specific instances to general principles.

Impulsive Style

A behavioral tendency characterized by acting on the spur of the moment without much deliberation or consideration for the consequences.

Respond Quickly

The ability or act of reacting or answering promptly to stimuli or inquiries.

Need for Cognition

A psychological trait reflecting the extent to which individuals engage in and enjoy activities that require thinking and mental effort.