Which of the Following Statements Is True

question 132

Multiple Choice

Which of the following statements is true?

• A)Productivity is calculated as hours worked divided by output produced.
• B)Americans have a higher standard of living than Indonesians because American workers are more productive than Indonesian workers.
• C)Both A and B are correct.
• D)None of the above are correct.

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Definitions:

Above the Cost

A situation where the selling price or market value of an asset exceeds its original purchase cost or production cost.

Bond Sinking Fund

A fund established by a bond issuer into which money is set aside over time, intended to be used to repay the principal amount of the bond at maturity.

Long-Term Investment

An investment held for an extended period, typically more than a year, to earn interest, dividends, or capital gains.

Maturity

Maturity indicates the date on which the principal or final payment is due to be paid on a loan, bond, or other financial instrument.