The Phase of Technology That Focuses on Building Material Goods

question 49

Multiple Choice

The phase of technology that focuses on building material goods and manual labor is:

• A) Agrarian.
• B) Service.
• C) Industrial.
• D) Information.

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Definitions:

Operating Expenses

Costs associated with the day-to-day functions of a business, excluding production costs.

Gross Margin

Gross margin is a financial metric that measures the difference between revenue and the cost of goods sold (COGS), divided by revenue.

Accounts Receivable Turnover

A ratio that measures how effectively a company collects its receivables, calculated by dividing total net sales by the average accounts receivable.

Inventory Turnover Ratio

A metric indicating how often a company's inventory is sold and replaced over a specific period, useful in evaluating the efficiency of inventory management.