Labor Productivity Increased So Much in the Second Half of the 1990s

question 78

Multiple Choice

Labor productivity increased so much in the second half of the 1990s because of

• A)improved information and communications technologies.
• B)higher levels of educational attainment by workers.
• C)cheaper foreign imports used in production.
• D)increased foreign competition.

Recognize and calculate the impact of cash and non-cash investing and financing transactions.

Interpret the statement of cash flows to assess organizational financial health.

Apply knowledge of cash flow statement preparation to real-world financial data analysis.

Understand the impact of different types of transactions on company’s cash position.

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Definitions:

Retailer

A business or person that sells goods directly to consumers for their own use.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for, recognized as an asset.

Cash Sales

Transactions where customers pay for goods or services at the time of purchase using cash.

Credit Sales

Transactions where the payment is deferred to a future date, allowing the buyer to receive goods or services before payment is made.