Which of the Following Is an Example of a Measure

question 286

Multiple Choice

Which of the following is an example of a measure of labor productivity?

• A) Factory workers produce 100 units of TVs per worker per day.
• B) Autos get 20 gallons to the mile.
• C) A household's income increased by 3 percent last year.
• D) Wages increase by 3 percent per year for 5 years.

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Definitions:

Outstanding Checks

Checks issued by a company that have not yet been cashed or cleared by the bank.

Deposits in Transit

Funds that have been received and recorded by a company but not yet credited by the bank, often seen in the reconciliation of bank statements.

Bank Statement Balance

The ending balance on a bank statement, representing the total amount of money in an account as recorded by the bank at the end of a given period.

Petty Cash Account

A small amount of cash kept on hand to pay for minor or incidental expenses.