According to the Text, One of the Next Steps in the Technology

question 62

Multiple Choice

According to the text, one of the next steps in the technology race is:

• A) time
• B) compression of space and time
• C) nanotechnology
• D) microtechnology

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Definitions:

Supplies

Items used in the operation of a business that are not directly related to the production of goods or services, such as office supplies.

Prepaid Expenses

Payments made in advance for goods or services that will be received in the future.

Retained Earnings

The portion of a company's profits that is not distributed to shareholders as dividends but is instead reinvested in the business or held as a reserve.

Closing

The process of finalizing accounts at the end of an accounting period by clearing any balances and summarizing the financial activities.