The Widespread Adoption of Computers in the Workplace Has Likely

question 275

Multiple Choice

The widespread adoption of computers in the workplace has likely led to

• A)no change in the quantity of labor hours.
• B)an increase in labor productivity because computers are a capital good.
• C)a decrease in labor productivity because computers are a capital good.
• D)a decrease in human capital because computers are physical capital.
• E)an increase in the supply of labor because people are needed to operate the computers.

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Definitions:

Accounting Standards for Private Enterprises

Specific accounting principles and guidelines meant for the financial reporting of privately-held companies, differing from those for publicly traded companies.

Equity Method

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and adjusted thereafter for the investor's share of the investee’s profits or losses.

Journal Entries

Records of financial transactions in the accounting system.

Impairment Loss

The amount by which the carrying amount of an asset exceeds its recoverable amount, leading to a decrease in the asset's value on the financial statements.