In the Long Run,changing Technology on Average Has Led To

question 105

Multiple Choice

In the long run,changing technology on average has led to:

• A)lower employment and lower wage rates.
• B)higher employment and lower wage rates.
• C)lower employment with wage rates unchanged.
• D)higher employment with wage rates unchanged.
• E)higher incomes and more leisure time.

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Definitions:

Time-Driven Activity-Based Costing

An accounting method that assigns costs to products or services based on the actual time activities consume, improving accuracy in costing.

Capacity Analysis

A technique used to determine the production capacity needed by an organization to meet changing demands for its products.

Customer Service Department

A specialized division within a company that handles inquiries, resolves issues, and maintains positive relationships with customers.

Time-Driven Activity-Based Costing

A method of costing that assigns costs to products or services based on the actual time taken to produce or provide them, rather than on estimated absorption rates.