Improving Service-Sector Productivity Is the Next Major Hurdle Facing U

question 118

True/False

Improving service-sector productivity is the next major hurdle facing U.S.business productivity.

---

Definitions:

Expense

Outflows or other using up of assets or incurrence of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity's ongoing major operations.

Liability

A company's legal financial debts or obligations that arise during the course of business operations.

Revenue

The total income generated by a company from its business activities, including sales of goods or services before any expenses are deducted.

Asset

An economic resource owned or controlled by an individual or company, expected to provide future benefits.