As a Result of a Variety of Innovations,the Real Costs

question 21

Multiple Choice

As a result of a variety of innovations,the real costs of information processing and communication have __________ over the past two decades.

• A) fallen slightly
• B) increased slightly
• C) remained constant
• D) fallen dramatically
• E) had no impact on the cost of international business

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Definitions:

Total Asset Turnover

A financial ratio that measures a company's efficiency in using its assets to generate sales, calculated as net sales divided by average total assets.

Decrease Ratio

A financial metric that quantifies the reduction in a particular variable or metric relative to another, often used to assess performance or efficiency decline.

Transactions

A series of financial activities or exchanges between parties that can affect the accounting records of a business.

Prepaid Insurance

Insurance premiums paid in advance by a company, recorded as an asset on the balance sheet until the coverage period comes into effect.