An Advance in Technology Allows a Firm to Produce ________

question 66

Multiple Choice

An advance in technology allows a firm to produce ________ output with ________ resources.

• A) the same; more
• B) more; the same
• C) less; fewer
• D) more; more
• E) the same; the same

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Definitions:

Sales Budget

A financial plan that estimates future sales, often used to guide marketing and sales strategies.

Forecasted Economic

Projections or estimates about future economic conditions, such as growth rates, inflation, or market trends, based on current data and analysis.

Merchandiser's Budget

A financial plan used by a retail company to manage inventory, purchase goods, and forecast sales for planning profits and cash flow.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor costs.