Information Technology Industries Such as Computers, Mobile Phones, Computer Programming

question 21

Multiple Choice

Information technology industries such as computers, mobile phones, computer programming and software:

• A)significantly increased labour productivity in the 1990s in Australia.
• B)have significantly reduced labour productivity as they have created distractions at work.
• C)are unlikely to increase labour productivity into the future, as their benefits have already been gained.
• D)increased labour productivity in the 1980s in Australia, but led to a slowdown in labour productivity in the 1990s.

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Definitions:

Inventory Shrinkage

The loss of products between purchase from suppliers and sale to customers, often due to theft, damage, or clerical errors.

Operating Expense

Costs associated with the day-to-day operation of a business, including rent, utilities, and salaries.

Physical Count

The process of counting the actual inventory on hand to ensure accuracy in inventory records.

Gross Margin

Gross Margin is a company's revenue from sales minus its cost of goods sold, indicating the efficiency of its production process and pricing strategy.