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According to Professor Huws, Information Technology Has Affected Industrialized Countries

question 59

Multiple Choice

According to Professor Huws, information technology has affected industrialized countries in which of the following ways?


Definitions:

Imports Inventory

Imports inventory refers to goods and materials purchased from other countries for resale or use in production.

Year-End Adjustments

Accounting entries made at the end of an accounting period to update accounts for accurate financial reporting.

Ownership

The legal right to possess, use, and control a property or an asset.

Net Income

A company's total earnings or profit, calculated as revenue minus costs of goods sold, expenses, taxes, and other deductions.

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