Data on Productivity Gains in the 1990s in the United

question 41

Multiple Choice

Data on productivity gains in the 1990s in the United States strongly suggest that a significant share of those gains was attributable to:

• A)improvements in education and training.
• B)improvements in information technology.
• C)substantial reductions in labor costs.
• D)increased demand for goods and services.

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Definitions:

Cash Sales

Transactions where goods or services are paid for with cash at the time of the sale.

Sales Discount

is a reduction in the listed price of a product or service offered to customers as an incentive to prompt payment.

Sales Discount

A reduction in the price of goods or services offered by the seller to the buyer as an incentive for early payment.

Charge Customer

The act of billing a customer for goods or services provided, usually resulting in an accounts receivable entry for the business.