How Does Technological Change Bring About Profound Changes

question 52

Multiple Choice

How does technological change bring about profound changes?

• A) Technological change results in control being transferred to upper levels within the organization because of the upper echelon's access to more and better information.
• B) Technological change results in frustration.
• C) Technological change results in changes in work relationships and organizational structures.
• D) Technological change results in richer forms of communication.

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Definitions:

Net Income

The final earnings tally for a company after subtracting all costs and tax charges from its revenue total.

Adjusting Entry

A journal entry made at the end of an accounting period to record revenues and expenses in the period in which they actually occurred.

Supplies Expense

Represents the cost of supplies used during an accounting period, differentiating from supplies bought but not yet used.

Net Income

The total profit or loss of a company after all expenses, taxes, and costs have been deducted from total revenue, a key indicator of financial performance.