Form 1960 to 2002, the Production of Steel in Canada

question 44

Multiple Choice

Form 1960 to 2002, the production of steel in Canada increased threefold to almost 14.5 million tonnes a year, but the number of people employed fell from__________ .

• A) 25 200 to 27 200
• B) 30 500 to 25 500
• C) 36 500 to 27 200
• D) 38 000 to 25 500
• E) 41 300 to 20 000

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Definitions:

Expense Account

An expense account tracks the outflow of money to cover operational costs or purchases related to running a business.

Supplies Expense

An account that tracks the cost of consumable items used during an accounting period.

Physical Count

The process of manually counting actual inventory items to verify the quantities on hand and adjust the account balances accordingly.

Accounting Period

A specific period of time for which financial statements are prepared to report the financial performance and position of a company; often quarterly or annually.