One Example of a Technological Transition Driven by Political Views

question 10

Multiple Choice

One example of a technological transition driven by political views is

• A) the invention of air conditioning.
• B) the move from cassette tapes to CDs.
• C) interest in shifting from gas-powered cars to electric cars.
• D) None of the above

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Definitions:

Indirect Method

A accounting technique used to prepare the cash flow statement, converting net income into net cash flow from operating activities by adjusting for non-cash items and changes in working capital.

Net Income

Total earnings of a company after all expenses and taxes have been deducted from total revenue.

Note Receivable

A financial asset representing a written promise for a debtor to pay a specified sum of money to the creditor on a demand or at a future date.

Financing Activities

Activities that result in changes in the size and composition of the equity capital or borrowings of the entity, reflected in its cash flows.