The Implementation of New Production Methods by Managers,such as the "Just-In-Time

question 113

Multiple Choice

The implementation of new production methods by managers,such as the "just-in-time" inventory system,increases

• A) average labour productivity.
• B) the share of the population employed.
• C) the unemployment rate.
• D) the quantity of human capital.
• E) the labour force participation ratE.

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Definitions:

Error

A mistake or inaccuracy in financial records or calculations.

Trial Balance

A bookkeeping report that lists the balances of all ledgers' accounts in two columns, debit and credit, to ensure that entries in a company’s bookkeeping system are mathematically correct.

Ledger

A comprehensive collection of all the accounts of a company, showing transactions and resulting balances.

Journal

A book or digital record used in accounting to record each financial transaction as it occurs in chronological order.