Dilbert's Incorporated Produced 5,000,000 Units of Accounting Software in 2010

question 107

Multiple Choice

Dilbert's Incorporated produced 5,000,000 units of accounting software in 2010.At the start of 2011 the pointy-haired boss reduced total annual hours of employment from 10,000 to 8,000 and production was 4,800,000.These numbers indicate that productivity

• A)fell by 4%.
• B)fell by 20%.
• C)rose by 12%.
• D)rose by 20%.

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Definitions:

Journal Entries

The record of financial transactions in an accounting system, used to transfer information to the ledger, showing detailed information regarding date, accounts affected, and amounts.

Posted Correctly

The action of accurately recording transactions in the appropriate accounts in an accounting system.

Ledger

A book or digital record in which a company maintains its accounts, tracking all financial transactions systematically.

Financial Statements

Financial statements are formal records of the financial activities and position of a business, person, or entity, providing key information on its financial health.