Which of the Following Would Most Likely Cause an Increase

question 152

Multiple Choice

Which of the following would most likely cause an increase in the demand for personal computers?

• A) A reduction in the price of personal computers, other things being equal
• B) An increase in the supply of personal computers, other things being equal
• C) A requirement by universities that all students buy personal computers
• D) An increase in the number of computer manufacturers, other things being equal
• E) An increase in the cost of computer paper

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Definitions:

Direct Labor-Hours

The sum of hours spent by workers directly engaged in producing a good or delivering a service.

Schedule of Expected Cash Collections

A financial report that outlines the anticipated inflow of cash from receivables or other income sources over a specific time period.

Merchandise Purchases Budget

A financial plan that estimates the cost of goods a retail company needs to purchase over a specific period to meet expected sales.

Cost of Goods Sold

Costs directly tied to the creation of products sold by a company, encompassing both materials and labor expenses.