"Smart" Vending Machines, Which Adjust Prices Automatically According to Changes

question 90

Multiple Choice

"Smart" vending machines, which adjust prices automatically according to changes in demand factors (like time of day or outside temperature) , are examples of:

• A)meeting demand at preset prices.
• B)skill-biased technological change.
• C)flexible price-setting.
• D)capital equipment that is less expensive than standard equipment.

---

Definitions:

Accumulated

This term often refers to the total amount of something gathered over time, such as accumulated depreciation or accumulated earnings.

Liability

The financial liabilities or obligations that a company legally incurs in the course of conducting its business.

Savings Account

A deposit account held at a financial institution that provides principal security and a modest interest rate.

Semiannual Payments

Payments made twice a year, often used in the context of bond interest payments or certain types of loans.