Automation Is Characterised by Low Initial Costs and High Operating

question 98

True/False

Automation is characterised by low initial costs and high operating costs.

---

Definitions:

Employee Earnings Report

A detailed record that shows the amount of money an employee has earned over a particular period, including wages, bonuses, and deductions.

Gross Earnings

The total amount of money earned by an individual or organization before any deductions are made.

Contingent Liabilities

Contingent liabilities are potential liabilities that may occur depending on the outcome of a future event, and are recorded in the company's financial statements if probable and estimable.

Unearned Revenues

Liabilities representing payments received for goods or services that have not yet been delivered or performed.