"Improvements in Personal Computer Technology and Its Widespread Adoption in the Workplace

question 105

Multiple Choice

"Improvements in personal computer technology and its widespread adoption in the workplace have served to increase productivity." Assuming the statement is true,one would expect this to cause

• A) an increase in supply.
• B) an increase in the quantity supplied.
• C) a decrease in supply.
• D) a decrease in the quantity supplied.
• E) no change in the marketplacE.

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Definitions:

Machine-Hours

A measure of the hours a machine is operated in the production process, often used as a basis for allocating overhead costs.

Unused Capacity

The portion of a business's potential production that is not being used; it represents the difference between what a company can produce and what it is currently producing.

Income Statement

A financial report that outlines a company's revenues and expenses over a specific period, showing the net profit or loss.

Job-Order Costing

An accounting method that assigns manufacturing costs to an individual product or batch of products, making it possible to track the specific costs associated with producing each.