Because of Labor Hoarding,a Reduction in Output May Signal

question 33

Multiple Choice

Because of labor hoarding,a reduction in output may signal

• A)an increase in employment.
• B)a reduction in employment.
• C)no change in employment.
• D)a reduction in productivity.

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Definitions:

Human Resource Controls

The procedures and policies put in place to manage personnel and ensure compliance with employment laws.

Worksheet

A document or file used for organizing and planning data, calculations, or information, often used in accounting and finance.

Permanent Accounts

Balance sheet accounts that carry their balances over into the next accounting period as they are not closed or reset at the end of the fiscal year.

Closing Entries

Journal entries made at the end of an accounting period to transfer balances from temporary to permanent accounts.