Which Is a Supply Plan to Increase Inputs

question 93

Multiple Choice

Which is a supply plan to increase inputs?

• A) a worker's choice about how many hours to work each week.
• B) a father's choice to take a paying job or take care of the kids at home.
• C) a business's plan to increase output from its Hamilton, Ontario factory.
• D) a government plan to allow more logging on Crown land in British Columbia.
• E) a new government policy allowing more immigrants into Canada.

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Definitions:

Trial Balance

(1) Bookkeeping strategy to confirm accuracy in debits and credits in ledger; (2) A balance sheet reports the assets, liabilities, and stockholders’ equity of a business enterprise at a specific date.

Garbage In, Garbage Out

A principle in computing and data analysis that emphasizes the importance of quality input data to produce meaningful output or results.

Trial Balance

An accounting report that lists the balances of all ledgers in two columns (debits and credits) to ensure they are equal.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.