_____ Are Outcomes of Changes in the Skills and Equipment

question 3

Multiple Choice

_____ are outcomes of changes in the skills and equipment managers use to design, produce, or distribute goods and services.

• A)Cultural forces
• B)Political forces
• C)Demographic forces
• D)Technological forces
• E)Sociocultural forces

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Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting how much of the asset's value has been used up during a specific period.

Useful Life

The estimated period over which an asset is expected to be utilizable or productive before it is fully depreciated.

Straight-Line

A method of calculating depreciation or amortization by evenly distributing the cost over an asset's useful life.

Double-Declining-Balance

A method of accelerated depreciation where the asset's book value is decreased at double the rate of straight-line depreciation.