Which Essentials Must Technology Use to Transform Inputs (E

question 99

Multiple Choice

Which essentials must technology use to transform inputs (e.g.,raw materials and information) into outputs (products or services) ?

• A)knowledge,tools,and techniques  
• B)capital,plans,and management  
• C)plans,knowledge,and tools  
• D)management,capital,and techniques

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Definitions:

Import Restrictions

Measures by governments to control the quantity or quality of goods and services coming into a country to protect domestic industries from foreign competition.

Japanese Manufacturers

Refers to companies based in Japan that are involved in the production of goods across various industries, known for innovation and quality.

Profit Margins

The percentage of revenue that remains as profit after all costs and expenses are subtracted from total sales.

Tariff

A tax imposed by a government on goods and services imported from other countries, affecting trade.