The Emerging Tools and the Skills Needed to Use Them

question 32

Multiple Choice

The emerging tools and the skills needed to use them, which have a significant impact on social life, are called ________.

• A) nonmaterial culture
• B) cultural lag
• C) sociocultural evolution
• D) new technology

---

Definitions:

Master Budget

A comprehensive financial planning document that consolidates all of a company’s individual budgets and plans for a specific period.

Finished Goods Inventory

Products that have completed the manufacturing process and are ready to be sold.

Budgeted Income Statement

A financial statement that projects the income and expenses for a specific period in the future, helping management with planning and decision-making.

Accrued Income Taxes

Accrued income taxes are taxes that a company has incurred but has not yet paid during the reporting period.