When the Typewriter and Telephone Were First Used in Business

question 45

Multiple Choice

When the typewriter and telephone were first used in business in the 1880s,

• A) businessmen employed women to operate them, because women had education and could be paid less.
• B) businessmen employed men to operate them, because only men had enough education to do so.
• C) they created new jobs for immigrant workers.
• D) widespread job losses resulted.
• E) they were a failure because people feared new inventions.

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Definitions:

Funeral Expenses

Costs incurred for services and materials related to the burial or cremation of a deceased individual.

Journal Entry

A notation in financial records that captures the debit and credit movements across accounts resulting from business transactions.

Fair Value

An estimate of the market value of an asset or liability, based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.