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:

Market Rate

Market rate, often referred to as the going rate, is the standard or average price of a good or service in a certain market at a given time.

Straight-Line Method

A depreciation technique that allocates an equal proportion of the cost of an asset to each year of its useful life.

Amortize Discount

The process of gradually writing off the discount on bonds payable over the life of the bond, effectively recognizing some interest expense each period.

Bonds Payable

Long-term liabilities that represent the amount a corporation owes to bondholders.