In the Long Run,a Technological Advance That Improves Communication Can

question 86

Multiple Choice

In the long run,a technological advance that improves communication can be expected to ________ labor productivity and ________ unemployment.

• A) have no effect on; have no effect on
• B) increase; decrease
• C) increase; increase
• D) increase; have no effect on
• E) decrease; increase

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Definitions:

Inventory Turnover

A measure of how quickly inventory is sold, calculated by dividing the cost of goods sold by the average inventory.

Cash Ratio

A metric assessing the capacity of a business to settle short-term debts with its available cash and near-cash assets.

Inventory Turnover

A metric demonstrating the rate at which a company's inventory turnover occurs, signaling the proficiency of its inventory handling over a defined period.

Inventory Turnover

A measure of how quickly a company sells and replaces its stock of goods within a given time period.