One Reason Why Technological Forecasting Can Be Difficult Is That

question 16

True/False

One reason why technological forecasting can be difficult is that we tend to move forward despite our limited knowledge about the future.

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Definitions:

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing the ownership's value in the business.

Major Account Groups

Categories used in financial accounting to organize and summarize the financial activities of a business.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the owner's claim against the company assets.

Drawing

An account used to record the funds withdrawn from a business by its owner for personal use, reducing the owner's equity.