Which One of the Following Factors Has Contributed to China's

question 16

Multiple Choice

Which one of the following factors has contributed to China's labor shortage?

• A)approximately 30 years of the one-child policy
• B)mass emigration of Chinese citizens to various other countries
• C)increases to minimum wage rates
• D)imposed limit on the number of individuals who can work per family

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Definitions:

Voucher System

An accounting system that involves preparing and approving vouchers before transactions are recorded and payments made, to ensure financial controls.

Control Procedures

Measures and policies implemented by a company to ensure the integrity of financial and accounting information and compliance with laws and regulations.

Cash Equivalents

Temporary investments which can quickly be converted into specific cash sums and have a negligible risk of value fluctuation.

Petty Cash Fund

A petty cash fund is a small amount of cash kept on hand by a business for making immediate payments for minor expenses, managed through a petty cash system.