Many Industries Have Been Forced to Change Due to Technology

question 47

Multiple Choice

Many industries have been forced to change due to technology advances. Which of the below industries has felt the lowest amount of economic impact from ebusiness?

• A)Auto industry
• B)Retail industry
• C)Travel industry
• D)Waste or recycling industry

Comprehend the allocation of costs in multi-department scenarios using relevant bases.

Understand the justification and accounting treatment for expensing R&D.

Comprehend the accounting for assets when future economic benefits do not exceed carrying value.

Recognize U.S. GAAP rules for software development costs.

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Definitions:

Dumping

A protectionist strategy in which a company sells its exports to another country at a lower price than it sells the same product in its domestic market.

Domestic Market

The market within a country's borders, where goods and services are traded or sold to local customers.

Gray Market Goods

Products that are sold through unauthorized channels, which, while not illegal, bypasses the manufacturer's official distribution channels.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets.