The World's Wealthier Societies Have Entered a Postindustrial Era with Industrial

question 1

Multiple Choice

The world's wealthier societies have entered a postindustrial era with industrial technologies giving way to computer technologies.Which of the following is a benefit of this change?

• A)Cleaner technology means cleaner air.
• B)Less can be spent on education, especially at the college level.
• C)Higher cancer levels mean a reduction in overall population.
• D)More people in developing nations can play video games.

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Definitions:

Variable Costs

Charges that adjust based on the volume of production or sales, such as labor and materials expenses.

Variable Costs

Variable costs are expenses that change in proportion to the activity of a business, such as the cost of raw materials used in production.

Activity Level

A measure of the volume of production or business actions, often influencing cost behavior and managerial decisions.

Rental Charges

Costs associated with leasing or renting property or equipment.