Which of the Following Statements Describes How Consumers and Employees

question 22

Multiple Choice

Which of the following statements describes how consumers and employees are responding to technology-based services?

• A) Services can readily calm fears that privacy may be sacrificed if technology is used
• B) An infusion of technology can lead to an increase in human interaction
• C) The payback for investments in technology is a certainty
• D) Employees are often reluctant to integrate technology into their work lives
• E) All of the above statements describe how consumers and employees are responding to technology-based services

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Definitions:

Cost Of Goods Sold

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

Gross Profit

The financial gain obtained after subtracting the cost of goods sold from total sales revenue.

Ratio

A quantitative relationship between two numbers, often used in financial analysis to assess performance, financial health, and operational efficiency.

Income Statement

A financial report that shows a company's revenues and expenses over a specified period of time, resulting in net profit or loss.