-The Above Figure Shows the Market for Laptops

question 48

Multiple Choice

-The above figure shows the market for laptops.Which of the following causes a movement from A to B?

• A) a decrease in the number of laptop manufactures and sellers
• B) an increase in the productivity of the workers manufacturing laptops
• C) an increase in the cost of hard drives
• D) an increase in the price of laptops
• E) a decrease in the price of laptops

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Definitions:

Cost Principle

An accounting principle that states assets and services should be recorded at their original cost, not their current market value.

Accounting Records

Documents that record and summarize financial transactions and events in accordance with accounting standards and principles.

Ethical Violations

Breaches of moral principles or professional standards of conduct, often resulting in negative consequences.

Relevance

The importance of financial information in making economic decisions for users of accounting data.