If Technology Changes Rapidly, a Firm Should

question 61

Multiple Choice

If technology changes rapidly, a firm should:

• A) depreciate plant assets using the same method used for its tax returns.
• B) depreciate plant assets over long periods of time.
• C) consider an accelerated rate of depreciation.
• D) use the straight-line method of depreciation as it is the easiest.

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Definitions:

Technical Jobs

Definition: Positions that require specific technical skills and knowledge, often related to fields such as engineering, IT, and science.

Knowledge Worker

An employee whose primary contribution to the job involves the processing, use, and manipulation of information, as opposed to manual labor.

Eco-Friendly Outfits

Clothing items made from sustainable, non-toxic materials and produced in a way that has minimal negative impact on the environment.

Environmentally Conscious

Being aware of the environmental impact of one's actions and making decisions that aim to reduce negative effects on the planet.