Sometimes Improvements in Labor Requirements Are More Apparent Than Real

question 62

Multiple Choice

Sometimes improvements in labor requirements are more apparent than real because of:

• A)fixed costs increasing.
• B)automation.
• C)mass production.
• D)increases in indirect labor.
• E)greater precision in estimating the learning rate.

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Definitions:

Trial Balance

A trial balance is a bookkeeping report that lists the balances of all general ledger accounts of a company at a specific time, used to verify the equality of debits and credits.

Ledger

A book or collection of financial accounts where transactions are recorded, including credits and debits, typically categorized for easy tracking.

Creditors

Individuals or entities that have provided goods, services, or loans to another entity, to which the latter is obliged to repay.

Purchases

Transactions involving the acquisition of goods or services in exchange for payment, contributing to a business's inventory or operational needs.