What Is the Key Feature of Postindustrial Societies as It

question 53

Multiple Choice

What is the key feature of postindustrial societies as it relates to the work force?

• A) The production of durable goods such as automobiles, refrigerators, and washing machines is the emphasis.
• B) High-efficiency production of food and fiber products is most prevalent.
• C) The transmission and use of information services dominates the work force.
• D) Leisure time activities are the primary product of the society.

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Definitions:

Incurs Costs

To incur costs means to recognize or accumulate expenses through activities or operations, leading to a reduction in profits.

Dollar Gross Profit

The total monetary gain computed by subtracting the cost of goods sold from the sales revenue of a company.

Net Sales

Gross sales less sales returns and allowances less sales discounts.

Cost of Goods Sold

Expenses directly linked to the production of a company's merchandise for sale, including both materials and labor costs.