"Embodied Technical Change" Is Said to Occur When

question 26

Multiple Choice

"Embodied technical change" is said to occur when

• A)older capital equipment is replaced with different,more productive,capital.
• B)the capital-labour ratio is increasing.
• C)innovations in the organization of production take place which do not involve changes in the form of capital used.
• D)techniques of managerial control are improved.
• E)the labour force acquires new skills that can be used across a wide range of industries.

Be able to journalize bond transactions including issuance, interest payment, amortization of discount/premium, and redemption.

Calculate the total interest expense over the life of a bond and understand the factors affecting it.

Understand and apply the concept of times interest earned ratio in evaluating a company’s ability to meet its interest obligations.

Grasp the effects of bond issuance at values different from face value on financial statements and transactions.