Which of the Following Examples Best Describes an Advance in Backstage

question 40

Multiple Choice

Which of the following examples best describes an advance in backstage technology?

• A) technology that allows consumers to carry portable music players in their pockets
• B) advances in electronics that allow manufacturers to offer 3D television
• C) the invention of satellite radio
• D) the use of radio frequency identification (RFID) to control inventory and logistics
• E) All of the above are examples of advances in backstage technology.

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Definitions:

Opportunity Cost

The value of the next best alternative that is forgone when making a decision.

Hardware Store

A retail business specializing in selling tools, building materials, and supplies for home improvements, repairs, and maintenance projects.

Building Uses

Pertains to the designated purposes or activities for which a building is designed, occupied, or intended to be used.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, representing the additional amount earned by employing resources in their current activity over their next-best alternative.