New Information Technologies and the Growth of the Knowledge Economy

question 38

Multiple Choice

New information technologies and the growth of the knowledge economy will affect education by:

• A) undermining and ultimately destroying education as a formal institution
• B) shifting the emphasis toward active, lifelong learning in diverse settings
• C) further confining teaching and learning to traditional schools and colleges where the technology is located
• D) transferring educational activities entirely to cyberspace

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Definitions:

Cash Management

The process of collecting, managing, and investing a company's cash flow in an efficient and profitable manner.

Profitability Ratios

Financial metrics used to assess a business's ability to generate profit relative to its revenue, operating costs, or shareholders' equity over time.

Cost Ratio

A financial metric that compares two cost-related factors against each other, often used to measure the efficiency or profitability of an operation.

Times Interest Earned Ratio

A financial metric used to measure a company's ability to meet its debt obligations, calculated as earnings before interest and taxes (EBIT) divided by interest expenses.