Technological Advancements Can Create New ________ Advantages That Are More

question 98

Multiple Choice

Technological advancements can create new ________ advantages that are more powerful than existing advantages.

• A) economic
• B) social
• C) environmental
• D) competitive
• E) comparative

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Definitions:

Temporary Accounts

Accounts used to track revenues, expenses, and withdrawals or dividends during an accounting period, which are closed and reset at the end of the period.

Debits And Credits

Fundamental accounting principles that are used to record every financial transaction, where debits must equal credits in every transaction.

Account Type

A classification system used within accounting to differentiate between the various financial transactions, assets, liabilities, and owners' equity carried out or held by a business.

Increases

Refers to the growth or rise in numbers, values, quantities, or activities.