Technology Is

question 7

Multiple Choice

Technology is

• A) the scientific method used in achieving a practical purpose.
• B) the science of replacing human effort with mechanical power.
• C) used primarily in the computer field.
• D) the opposite of art.

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Definitions:

Foreign Exchange Gain

A profit resulting from changes in exchange rates affecting the value of investments or transactions in foreign currencies.

Non-Interest-Bearing Note

A type of debt instrument that does not pay interest but is instead issued at a substantial discount from its face value and pays its full face value at maturity.

U.S. Dollar Equivalent

The value of a foreign currency expressed in terms of the quantity of United States dollars it can be exchanged for, based on current exchange rates.

Foreign Exchange Loss

A financial loss experienced by a company due to changes in exchange rates affecting foreign currency transactions.