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.

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Definitions:

Alternative Cost

Also known as opportunity cost, it represents the benefit that is missed or given up when choosing one alternative over another.

Comparative Cost

Analyzing and comparing the costs of different business strategies or production methodologies to identify the most effective option.

Decision-Making Process

A series of steps a person or organization takes to come to a conclusion and take action, from identifying a problem to evaluating the outcomes of the chosen solution.

Clarify

To make a statement or situation less confused and more comprehensible.