Which of the Following Would Increase Labor Productivity

question 51

Multiple Choice

Which of the following would increase labor productivity?

• A)a decrease in amount of capital per unit of labor
• B)technological change
• C)a decrease in the unemployment rate
• D)an increase in the number of inexperienced workers entering the labor force
• E)a decrease in the quality of capital

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Definitions:

Fiscal Year

A 12-month period that a company or government uses for accounting purposes and preparing financial statements, not necessarily matching the calendar year.

Interest Payable

Interest payable is the amount of interest expense that has accumulated but not yet been paid by the company within a given accounting period.

Unamortized Premium

The portion of a bond's premium that has not yet been gradually written off or expensed over the bond's life to date.

Balance Sheet

A financial statement that presents a snapshot of a company's financial position, including assets, liabilities, and shareholders' equity, at a specific point in time.