Which of the Following Occurred During the Information Revolution

question 100

Multiple Choice

Which of the following occurred during the Information Revolution?

• A) The transaction costs of contracting with individual resource owners increased.
• B) New technologies made home entertainment obsolete.
• C) The acquisition, analysis, and transmission of information is more complicated.
• D) More people work from their homes.
• E) The use of machines in factory production increased.

Comprehend the implications of salary allowances on the division of net income in partnerships.

Understand the advantages and disadvantages of partnerships compared to corporations.

Recognize the factors involved in the formation and operation of a partnership.

Understand the accounting and financial implications of changes in partnership composition.