Which of the Following Is Not True About Technological Progress

question 5

Multiple Choice

Which of the following is not true about technological progress?

• A)allow for the production of a larger quantity of goods using the same number of workers
• B)lead to the production of new goods
• C)lead to the disappearance of old goods
• D)cause a reduction in employment in the short run
• E) none of the above

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Definitions:

Journal Entry

A record in accounting that represents a transaction and its effects on accounts, usually including a debit and credit.

Office Supplies

Items used in offices on a regular basis for the purpose of functionality and efficiency, such as pens, paper, and staplers.

Advertising

The action of calling public attention to products, services, or events, typically through paid announcements.

Bank Reconciliation

The process of comparing a company’s financial records and balance with its bank statement to ensure consistency and accuracy in the recorded transactions.