If Average Labor Productivity Decreases, Then the Same Number of Employed

question 56

Multiple Choice

If average labor productivity decreases, then the same number of employed workers will always produce:

• A)more total output.
• B)more output per person.
• C)less total output.
• D)less output per person.

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Definitions:

Acquisition

Acquiring ownership of another firm through the purchase of its assets, shares, or both.

Fair Value

An approximate cost at which a transaction involving assets or liabilities might occur between informed and voluntary parties without any pressure.

Credit Balance

A situation in an account where the total credits exceed the total debits.

Consolidated Buildings

The combined value of all buildings and related facilities owned by a company as presented in its consolidated financial statements.