Which of the Following Statements Is Correct

question 245

Multiple Choice

Which of the following statements is correct?

• A) Since the 1940s,the number of American workers employed in the manufacturing sector has declined from 30 percent to 10 percent.
• B) Since 1910,the number of Americans working as farmers has increased from 3 percent to 33 percent.
• C) Since 1995,global industrial output has fallen by more than 30 percent.
• D) Productivity decreases are one reason for the declining number of manufacturing jobs.

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Definitions:

Bank Reconciliation

The procedure of aligning the figures in a company's bookkeeping records for a cash account with the equivalent data on a bank statement.

External Auditors

External auditors are independent accounting professionals who examine the financial statements of an organization to ensure accuracy and compliance with applicable standards and regulations.

Internal Control System

Procedures and policies set by an enterprise to preserve the correctness of its financial and bookkeeping details, advance accountability, and obstruct malicious acts.

Financial Records

Documented information of a business's operations, including income, expenses, assets, and liabilities, used to track financial performance.