Which of the Following Is an Advantage of Utilizing Technology

question 57

Multiple Choice

Which of the following is an advantage of utilizing technology?

• A) Technology increases the cost of production.
• B) Technology reduces the need for a marketing plan.
• C) Productivity increases.
• D) Management becomes isolated from the demands of stakeholders.

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Definitions:

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company's balance sheet.

Prepaid Expense

Payments made in advance for goods or services to be received in the future, recorded as an asset on the balance sheet until the expense is incurred.

Interest Revenue

Income earned from the lending of money or from investments in interest-bearing accounts.

Account Payable

An amount owed by an entity to a creditor for goods and services purchased on credit; considered a short-term liability.