In the Context of Technology, Which of the Following Was

question 82

Multiple Choice

In the context of technology, which of the following was invented in the 1950s and contributed to changing human life permanently?

• A) bluetooth
• B) smartphones
• C) global positioning system (GPS)
• D) television

Understand the concept and implications of substituted agreements in contract law.

Comprehend the process and effect of discharging contracts either through judgment or mutual agreement.

Recognize the significance and application of conditions precedent in contracts.

Analyze the concept and application of the doctrine of frustration in contracts.

---

Definitions:

Accounts Payable Period

The Accounts Payable Period is the average amount of time it takes for a business to pay off its suppliers after receiving goods or services.

Operating Cycle

The average period of time required for a business to convert its investments in inventory back into cash through the process of producing goods, selling them, and collecting revenue from customers.

Cash Cycle

The period between the outlay of cash for the purchase of inventory and the collection of cash from customers in a business operation, reflecting the liquidity and efficiency of the company.

Cash Cycle

The duration between the outlay of cash to produce goods or services and the collection of cash from sales.