Identify Five Examples of Technology's Impact on Services

question 69

Essay

Identify five examples of technology's impact on services. Specifically, identify one of these that has led to labor cost reductions. Discuss briefly. Can you add an item, not identified in the textbook, to this list?

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Definitions:

Statement of Revenues

A financial report detailing a company or organization's sources of income over a specific period of time.

Modified Accrual

An accounting method that records revenues when they are earned and measurable and expenses when they are incurred, regardless of when cash transactions occur.

Program Revenues

Income directly generated by specific programs or services, typically reported by governmental entities to reflect how resources are tied to particular activities.

Fiscally Independent

Having the authority to raise revenue through taxation and make spending decisions independently, typically referring to governmental units.