Technology Systems Have Been Important in Making the Modern World

question 2

Multiple Choice

Technology systems have been important in making the modern world economy. Each system requires different resources, labour forces, and organization. Becoming "locked in" to a given system can become disadvantageous. Detroit is a case in point. Which system did Detroit become locked into?

• A) Steam transport
• B) steel and electricity
• C) Fordist
• D) water

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Definitions:

Significant Noncash Transactions

Financial activities that do not involve cash flows but significantly affect the financial position of a company.

Treasury Stock Acquisition

The purchase of a company's own shares from the marketplace, reducing the amount of outstanding stock.

Bond Issuance

The process of selling bonds to investors in order to raise capital.

Investing Activities

Financial actions that involve the purchase or sale of long-term assets and other investments not considered cash equivalents.