Which of the Following Are Necessary to Better Understand Technology

question 18

Multiple Choice

Which of the following are necessary to better understand technology?

• A)Knowledge of devices
• B)Knowledge of human activities
• C)Knowledge of science
• D)Knowledge of business and management

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Definitions:

Sales Increase

A rise in the quantity or amount of products or services sold over a specific period.

Opportunity Loss

The loss of potential gain when one alternative is chosen over another.

Gross Profits

The difference between revenue and the cost of goods sold before deducting overhead, payroll, taxes, and interest payments.

Payoff Table

A decision-making tool that summarizes the outcomes of different decisions, given various states of nature, in a tabular format.