Technology Is Defined as

question 239

Multiple Choice

Technology is defined as

• A)the process of developing and revising models.
• B)new innovations and creations.
• C)the processes used to produce goods and services.
• D)the process of recycling products.

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Definitions:

Economic Benefits

The gains received from the resources or actions, typically measured in terms of revenue or increased value.

Market Value

The price at which an asset or service could be bought or sold in a real or virtual marketplace, reflecting its current worth.

Revaluation Method

An accounting method for periodically reassessing the value of an asset, usually upward, to reflect its current value.

Liquidation Value

The estimated amount that would be realized from the sale of a company's assets, after paying off its liabilities, if the company were to be liquidated.