The Most Recent Technological Change to the U

question 43

Multiple Choice

The most recent technological change to the U.S.economy was

• A)the Agrarian Revolution.
• B)the Industrial Revolution.
• C)the Information Revolution.
• D)the Union Revolution.

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Definitions:

Fixed Manufacturing Overhead

Costs associated with production that do not vary with the level of output, such as salaries of managers and depreciation of factory equipment.

Deferred

A term indicating that something has been postponed or delayed, often referring to income, taxes, or expenses.

Inventories

Assets held for sale in the ordinary course of business, or materials that will be used in the production of goods to be sold.

Year 2

Typically refers to the second year of a company's operations or performance being analyzed.