Today, Modern Machine Technology Has Created Great Numbers of Jobs

question 50

Multiple Choice

Today, modern machine technology has created great numbers of jobs that require:

• A) unskilled labor.
• B) no specialized training.
• C) routine manual labor.
• D) specialized skills or knowledge.

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Definitions:

Accounts Receivable

Liabilities of customers to a firm for provisions or merchandise that have been delivered but payment is outstanding.

Capital Balance

The amount recorded in a shareholder's or partner's equity account, reflecting their investment in the business.

Full Time

Employment status characterized by working a minimum number of hours defined by the employer, typically involving benefits not offered to part-time employees.

Net Income

The net income is the final amount of profit a company makes after deducting all costs, taxes, and expenses from its total revenue.