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Advances in Information Technologies Have Caused Middlemen to Disappear and Made

question 24

True/False

Advances in information technologies have caused middlemen to disappear and made retailers and manufacturers more sensitive to sales trends


Definitions:

Assets

Resources owned by an individual or business that have economic value or are expected to provide future benefit.

Liabilities

Financial obligations or debts owed by a company or individual.

Benefits-Received Principle

The concept that individuals should be taxed in proportion to the benefits they receive from government services.

Taxpayer Contributions

Monies paid into a government treasury by individuals or businesses for public use and services.

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