Requiring Workers to Work on Weekends and Holidays Is an Example

question 97

Multiple Choice

Requiring workers to work on weekends and holidays is an example of

• A)labor-saving technological change.
• B)creative destruction.
• C)capital-saving technological change.
• D)an invention.
• E)diffusion.

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Definitions:

Short-term Bank Loan

A loan borrowed from a bank with a repayment period typically less than one year, often used for immediate liquidity needs.

Fixed Assets

Long-term tangible assets that are used in the operations of a business, such as machinery, buildings, and equipment, and are not expected to be converted into cash in the current or upcoming fiscal year.

Long-term Bank Loan

A loan provided by a banking institution with a repayment period extending beyond one year, typically used for financing significant business investments or acquisitions.

Use of Cash

Use of Cash refers to how a business or individual utilizes their available cash resources, including operating expenses, investments, and financing activities.