Digitalization Refers to

question 51

Multiple Choice

Digitalization refers to

• A)the increasing use of the Internet in corporations.
• B)a firm's database of client information.
• C)manufacturing with the aid of robotics.
• D)turning intellectual property into digital form.
• E)the use of encryption software to protect intellectual property.

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Definitions:

Poverty Line

A threshold set by governments or organizations to define the minimum income necessary to cover basic living costs, below which individuals are considered to be living in poverty.

Income Quintile

A statistical measure that divides a population into five equal groups according to their income levels, used to analyze income distribution.

Highest Quintile

Refers to the top 20% of the population sorted by income or wealth, indicating those with the highest levels of each.

Welfare Reform Act

Legislation aimed at changing the welfare system by encouraging work, limiting the duration of benefits, and supporting families.