How Has the Information Revolution Changed the Nature of Work

question 34

Multiple Choice

How has the Information Revolution changed the nature of work and the economy?

• A) It has increased pressures to urbanize.
• B) It has made it less likely that individuals will be able to work from home.
• C) It has shifted the economy toward the production of knowledge and services.
• D) It has made companies more likely to manufacture and sell goods within a single nation.
• E) It has increased the shallow integration of the global economy.

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Definitions:

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.

Sales

The total revenue a company generates from selling goods, services, or both, within a specific period.

Average Collection Period

The average amount of time it takes for a company to receive payments owed by its customers for goods or services sold on credit.