A Technological Trend Is Characterized by Which of the Following

question 82

Multiple Choice

A technological trend is characterized by which of the following?

• A) The Federal Reserve announces that it will decrease the interest rate it charges banks
• B) Congress passes legislation that increases the tax rates on corporations
• C) A new computer chip is announced which will allow for miniaturization of many electronic devices
• D) The E.U. announces an increase in tariffs on all agricultural goods

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Definitions:

Factory Equipment

The machinery and tools used in the manufacturing process within a factory to produce goods.

Depreciation

Depreciation is the systematic allocation of an asset's cost over its useful life, reflecting the decrease in the asset's value due to wear and tear, decay, or obsolescence.

Indirect

Pertains to a cost or effect that is not directly traceable to a specific cause, object, or activity, often referring to overhead costs in a business setting.

Machine Maintenance

The process of keeping machines and equipment in optimal working condition by performing regular checks, repairs, and replacements as needed.