Which of the Following Statements Is True

question 47

Multiple Choice

Which of the following statements is true?

• A)Natural resources per worker influence productivity only when those natural resources are renewable.
• B)The prices of most natural resources are stable or falling relative to other prices.
• C)Technology requires greater use of natural resources.
• D)The terms human capital and technological knowledge are used interchangeably.

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Definitions:

Assembly Department

A part of a manufacturing firm where parts are put together to create finished goods.

Work In Process Inventory

Goods partially completed during the manufacturing process, not yet ready for sale.

Units Transferred

The quantity of items moved from one stage of production or location to another within a given period.

Step-Down Method

A cost allocation method used in accounting and finance to distribute indirect costs to different departments or products.