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In a Speech at a Research Conference,a Computer Expert Stated

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In a speech at a research conference,a computer expert stated that shopping centers would become obsolete in the future.He believed that because everything could be bought online and delivered directly to the home of a customer,there would be no need for physical shopping areas in the future.A psychologist disagreed and stated that this concept of the future violated a basic human need.What need did the computer expert ignore,according to the psychologist?


Definitions:

Current Liability

A company's debt or obligations that are due within one year and are listed on a company's balance sheet.

Treasury Stock

Shares that were once issued and fully paid for but have since been bought back by the issuing company, reducing the amount of outstanding stock on the open market.

Specific Identification

An inventory valuation method where individual costs are assigned to specific goods or inventory items, useful for tracking high-cost or unique items.

Average Costing

A method of inventory valuation where the cost of goods sold and ending inventory values are determined by averaging the cost of all similar items in the inventory.

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