As We Incorporate More and More Technology into Myriad Aspects

question 93

True/False

As we incorporate more and more technology into myriad aspects of daily life, so too are we presented with a whole new set of legal questions that must be answered.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, reflected in its income statement.

Tax Rate

The percentage at which an individual or corporation is taxed by the government.

Net Profit Margin Percentage

A financial metric that shows the percentage of revenue that remains as profit after all expenses have been subtracted from total sales.

Net Operating Income

A measure of a company's profitability from its regular business operations, excluding expenses and revenues from non-operational activities.