Which One of the Following Represents a Change in Technology

question 94

Multiple Choice

Which one of the following represents a change in technology?

• A) Most business communication involves email.
• B) Electricity is produced by generating plants that burn coal.
• C) Bold, bright colors in clothing and wall paint have largely replaced neutrals.
• D) The participation rate of the U.S. labor force is at its lowest point in the last 40 years.

Identify the appropriate inventory costing method for various types of businesses.

Calculate cost of goods sold (COGS) using different costing methods.

Determine the effects of inventory costing choices on financial statements.

Understand the concept of specific identification in inventory costing.

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Definitions:

Employer

An individual or organization that hires and compensates employees for their labor and services, assuming the responsibilities of providing work, overseeing tasks, and ensuring a safe working environment.

Reinstatement

The act of restoring someone or something to their former position, status, or condition.

Punitive Damages

Monetary compensation awarded to a plaintiff beyond actual damages, intended to punish the defendant for egregious behavior and deter future misconduct.

Union Representation Campaign

A collective effort, typically organized by a labor union, to gain representation rights for employees at a specific workplace.