A Technological Advance in the Production of Automobiles Will _____

question 228

Multiple Choice

A technological advance in the production of automobiles will _____ the _____ automobiles.

• A)decrease;demand for
• B)increase;supply of
• C)decrease;demand
• D)decrease;supply of

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Definitions:

Plant Assets

Long-term tangible assets used in the production process, including machinery, buildings, and equipment, which are subject to depreciation.

Current Ratio

A financial metric assessing a firm’s capacity to settle its current liabilities using its current assets.

Debts

Money that is owed or due to be paid to another entity.

Near Future

A short time ahead from the present moment.