The Structural-Functional Approach, Which Suggests That Technological Change Ends Up

question 30

Multiple Choice

The structural-functional approach, which suggests that technological change ends up improving society, can be criticized for being too

• A)optimistic.
• B)pessimistic.
• C)radical.
• D)micro-level.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.

Deferred Taxes

are taxes that are accumulated due to temporary differences between the accounting income and taxable income, and will be paid or received in the future.

Consolidated Statement

Financial statements that aggregate the financials of a parent company and its subsidiaries, presenting the finances as if the group were a single entity.

Cost Method

An accounting approach where investments are recorded at their acquisition cost, without adjusting for changes in market value unless there is a decline in value judged to be other than temporary.