Answer:
A. reflect changes in the quantity of goods and services produced, their prices, or both
Explanation:
Changes in nominal GDP reflect both changes in quantities and changes in prices.
Answer: Option (D). Cost of Good Sold
Explanation: Cost of goods sold is the carrying value of goods sold during a particular period of time. Furthermore, Cost of goods sold refers to the cost of acquiring or manufacturing the products that a company sells during a particular period of time and Costs of goods can include material, labor, and allocated overhead.
Cost of Goods Sold accounts would be closed at the end of the year using the perpetual inventory system.
The Industrial Revolution is well known in history. During the Industrial Revolution in the 18th and 19th century, managers who could make minor improvements in management tactics were noteworthy because;
- They produced goods and services due to high increases in production quantity and quality.
<h3>What is the role of management in the Industrial Revolution?</h3>
The Industrial Revolution is known to result in the advent of better and faster technology that helps firms to carry out task more efficiently.
It also help management to greatly increase their output.so as to meet demand of the people and increased production.
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Answer:
a.none of these answers are correct
