How Has the Information Revolution Changed the Nature of Work

question 62

Multiple Choice

How has the Information Revolution changed the nature of work and the economy?

• A) It has slowed down the process of globalization.
• B) It has made it less likely that individuals will be able to work from home.
• C) It has shifted the economy toward the production of knowledge and services.
• D) It has made companies more likely to manufacture and sell goods within a single nation.

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Definitions:

Budgeted Net Income

The estimated amount of money expected to be earned over a specific period after all expenses are subtracted.

Variable Costs

Costs that change in proportion to the level of production or business activity.

Fixed Costs

Expenses that do not vary with the volume of output, including costs like rent, salaries, and insurance premiums.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs, indicating its profitability.