The Impact of Computers on U

question 3

Multiple Choice

The impact of computers on U.S. productivity growth _____

• A) has been disappointingly small-about one-half a percentage point annually between 1972 and 1996.
• B) has been dramatic, contributing to significant growth during the early years of the 21st century.
• C) has been significant in the health care sector but not elsewhere.
• D) has actually been negative in most industries.
• E) was greater during the period 1972-1990 than it has been since that time.

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Definitions:

Year-End Inventory

The total value of all inventory that a company has in stock at the end of its fiscal year.

Consignment

A business arrangement where goods are left with a third party to sell, but the ownership remains with the supplier until the goods are sold.

FOB Shipping Point

A term indicating that the buyer of goods takes ownership and is responsible for the freight charges at the time the goods leave the seller's shipping point.

Estimated Method

The estimated method is an accounting technique used to approximate the value of certain items or financial outcomes when exact figures are unavailable or impractical to determine.