If an Advance in Computer Technology Reduces the Need for Businesses

question 8

Multiple Choice

If an advance in computer technology reduces the need for businesses to hire accountants, students majoring in accounting should expect

• A) a lower rate of return on their human capital investment.
• B) an increase in their employment prospects.
• C) a higher wage rate than they were expecting when they selected their major.
• D) an increase in the demand for accountants.

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Definitions:

Fourteen Points

A statement of principles for world peace that was used for peace negotiations to end World War I, proposed by President Woodrow Wilson in 1918.

War Industries Board

A U.S. government agency established during World War I to coordinate the production of war materials and the distribution of industrial products.

National Economy

The total economic activities and policies within a country, encompassing production, consumption, and trade of goods and services.

Antitrust Laws

Legislation enacted to prevent monopolies and promote competition among businesses.