When Computers Are Used to Replace Workers on a Factory

question 4

Multiple Choice

When computers are used to replace workers on a factory production line, the wage gap:

• A)between skilled and unskilled workers is likely to fall
• B)will rise only if the company can increase the price of its product
• C)between skilled workers and unskilled workers is likely to increase
• D)between skilled workers and unskilled workers will not change

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Definitions:

GASB

The Governmental Accounting Standards Board, which establishes accounting standards for state and local governments in the United States.

Monetary Transfers

Financial transactions that involve the movement of money from one party to another, which can be domestic or international in nature.

Fund Balance―Nonspendable

The portion of a government's fund balance that cannot be spent because it is either not in spendable form or legally or contractually required to be maintained intact.

General Fund

A primary accounting fund used by a government to record its general operating revenues and expenses.