Which of the Following Is NOT True

question 9

Multiple Choice

Which of the following is NOT true?

• A)The average labour productivity in Canada has risen by a factor of six since 1921.
• B)Canadian workers are working fewer hours but their real wages are higher,on average,than in the past.
• C)Canadian workers are,on average,much more productive than 60 years ago.
• D)Today,a typical Canadian is working longer and getting paid less in real terms.

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Definitions:

Debt-To-Equity Ratio

A financial metric that shows the comparative amount of equity from shareholders and borrowed funds used to acquire assets for a company.

Solvency

The ability of an entity to pay its long-term debts and financial obligations as they become due.

Cash Ratio

A liquidity ratio that measures a company's ability to repay short-term obligations with cash and cash equivalents alone.

Days To Collect

A financial metric that estimates the average number of days it takes a company to collect payment after a sale has been made, also known as the accounts receivable turnover in days.