Workers Today Are More Productive Than Workers Were in the Past

question 66

Multiple Choice

Workers today are more productive than workers were in the past because:

• A) they now are physically stronger on average.
• B) they now have more physical capital embodying better technology.
• C) more of them use the same number of machines as in the past.
• D) they are paid more.

Prepare journal entries for partnership transactions, including capital contribution, withdrawals, income allocation, and closing of drawing accounts.

Calculate dividends rate, dividends per share, and eligible shares for dividends under different stock scenarios.

Evaluate the financial statement impacts of cash and stock dividends.

Prepare journal entries for stock transactions, including sales, issuance, and dividend declarations.

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Definitions:

Political Centralization

The concentration of political power and authority in a central government, often at the expense of regional or local governance.

Notion Of Progress

The idea that societal, technological, or ideological advancement is possible and desirable, leading to an improved condition.

Ethnocentric

Viewing or evaluating other cultures solely from the perspective and values of one's own culture.