Technological Advances Are Difficult to Predict

question 25

Multiple Choice

Technological advances are difficult to predict. One great advance can replace or substitute for existing products in a relatively short period. Tablets and smartphones with wireless connectivity are most likely to replace or substitute for

• A)TV broadcasts.
• B)digital video recorders.
• C)printed media.
• D)printed images.
• E)online video games.

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Definitions:

Futures Contracts

Financial contracts obligating the buyer to purchase an asset, or the seller to sell an asset, at a predetermined future date and price.

Bushels Of Wheat

A measure of volume used primarily in agriculture, equivalent to approximately 35.24 liters, often used to quantify wheat production or trade.

Negotiation Strategies

Approaches used to reach an agreement or compromise between parties with different needs, interests, or objectives, often involving communication and problem-solving techniques.