Information Technologies Are a ________ for Low-Skilled Labor and a ________

question 246

Multiple Choice

Information technologies are a ________ for low-skilled labor and a ________ for high-skilled labor.

• A) substitute; substitute
• B) complement; complement
• C) substitute; complement
• D) complement; substitute

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Definitions:

Bonds Payable

A form of long-term debt issued by corporations or governments that promises to pay the bondholder a specified sum of money at future dates.

Consolidated Income Statement

A financial statement that aggregates the income and expenses of a parent company and its subsidiaries, presenting a unified financial performance.

Interest Expense

The cost incurred by an entity for borrowed funds, typically recognized on the income statement.

Goodwill

An intangible asset that arises when one company acquires another for a price higher than the fair value of its net tangible assets, representing elements like brand, customer base, and reputation.