A Chart of Accounts

question 95

Multiple Choice

A chart of accounts:

• A)is used by an organization to determine the balance in all of their accounts.
• B)lists all of the accounts of an organization in alphabetical order.
• C)must be the same for all organizations.
• D)lists all of an organization's accounts and account numbers.

---

Definitions:

Marginal Product

This is the additional output resulting from one more unit of a given input, keeping all other inputs constant.

Labor Employment

The process or state of engaging individuals in work or activities that require the use of their skills and labor in return for payment.

Productivity

The measure of the efficiency of production, often expressed as the ratio of output to inputs used in the production process.

Labor Force

The total number of people who are able and willing to work, either employed or actively seeking employment.