What Kind of Factor in the Business Environment Are Smart

question 24

Multiple Choice

What kind of factor in the business environment are smart phones considered an example of?

• A) economic
• B) technological
• C) global
• D) competitive
• E) sociocultural

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Definitions:

Straight-Line Depreciation

A method of allocating the cost of a fixed asset evenly across its useful life.

Net Working Capital

The discrepancy between what a company owns in current assets and owes in current liabilities, showing its financial stability in the short term.

Required Rate

The minimum expected return by investors to make an investment worthwhile, considering the risk involved.

CCA Class

Pertains to a classification system for tax purposes, grouping assets with similar characteristics for capital cost allowance claims in Canada.