When New Technologies Are Applied to the Production and Distribution

question 56

Multiple Choice

When new technologies are applied to the production and distribution of goods and services:

• A)scarcity is eliminated.
• B)diminishing returns to capital no longer hold.
• C)diminishing returns to capital still hold.
• D)average labor productivity decreases.

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Definitions:

Insider Trading

The illegal practice of trading on the stock market to one's own advantage through having access to confidential information.

Ethics Competency

The ability to understand ethical principles, recognize ethical dilemmas, and make decisions that are in line with ethical guidelines.

Creative Accounting

The practice of manipulating financial records and reports to present a more favorable view of a company's financial position than is actually the case.

Corporate Theft

Corporate theft refers to the illegal taking of a company's assets, either by individuals within the organization or by external parties, for personal gain.