Explain How Each of the Following Can Be Thought of as Technological

question 49

Essay

Explain how each of the following can be thought of as technological change,or if it cannot be thought of as technological change,explain why not.
(A)The introduction of a night shift
(B)An increase in the educational level of the population
(C)Specialization within a business
(D)A new invention that will make computers faster

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Definitions:

Salaries Expense

The total amount paid to employees for services rendered during a specified period, recorded as an expense on the income statement.

Depreciation

The method of distributing the expense of a physical asset through its lifespan, accounting for depreciation, outdatedness, or aging.

Allocation Process

The method of distributing costs among different departments, products, or services for accounting purposes.

Expense Recognition Principle

An accounting principle that expenses are recognized and recorded when they are incurred, regardless of when cash payments are made.