Which Type of Society Is Characterized by Automated Production and Service

question 20

Multiple Choice

Which type of society is characterized by automated production and service jobs?

• A) horticultural
• B) agricultural
• C) industrial
• D) postindustrial

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Definitions:

Liability Section

A portion of the balance sheet that lists a company's obligations and debts, including both current and long-term liabilities.

Accounts Receivable

Accounts receivable are amounts owed to a business by customers for goods or services delivered but not yet paid for.

Asset Section

The asset section of a balance sheet details a company's owned resources with economic value anticipated to provide a future benefit.

Wages Expense

The total amount of money paid to employees for work performed, reported on the income statement.