Which of the Following Statements Is True of Technology in Industries

question 12

Multiple Choice

Which of the following statements is true of technology in industries?

• A) Technology in industries is accounting for only a minimal share of economic activity.
• B) Technology in industries is revolutionizing aspects of the product even in those not typically considered high-tech.
• C) High-technology industries do not require to adhere to technical standards to achieve product differentiation.
• D) The lack of complementary products does not affect the success of a high-technology industry.
• E) High-technology industries are usually not faced with the challenge of developing business models to achieve a competitive advantage like low-technology industries.

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Definitions:

Interest Revenue

Income earned from lending money or from investments in interest-bearing accounts or securities.

Matching Revenue

The accounting principle of recognizing revenue and the related expenses in the same accounting period to accurately report profit.

Incurred Expenses

Costs that have been realized or consumed, typically through the operation of a business.

Net Income

The total earnings of a company after deducting all expenses, including taxes and costs, from its total revenues, indicating its profitability.