During the Past Decade, U

question 24

Multiple Choice

During the past decade, U.S. imports of business services have ________, U.S. exports of business services have ________, and U.S. net exports of business services have ________.

• A) increased; decreased; decreased
• B) decreased; increased; increased
• C) decreased; decreased; increased
• D) increased; increased; increased
• E) increased; increased; not changed

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Definitions:

Time Tickets

Documents used to record the amount of time an employee spends on various tasks, often used for payroll or job costing.

Direct Labor

The wages and related benefits of employees who are directly involved in the production of goods or services.

Materials Requisition

The process of requesting and withdrawing materials from inventory for use in the production process or for other operational needs.

Source Document

An original record, such as an invoice or receipt, that evidences a business transaction.