_____ Forces Lead to New Developments in Methods for Transforming

question 75

Multiple Choice

_____ forces lead to new developments in methods for transforming resources into goods or services.For example,a new technique called hydraulic fracturing (or fracking) has been developed to harvest natural gas trapped below the earth's surface.

• A)Sociocultural
• B)Technological
• C)Demographic
• D)Political-legal
• E)Media

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Definitions:

Reorganization

The process by which a company changes its structure, strategies, or operations, often to increase efficiency or to adapt to new markets.

Administrative Expenses

Expenses related to the general operation of a business, such as salaries of non-sales personnel, rent, utilities, and office supplies.

Accounts Receivable

Money owed to a company by its customers for products or services that have been delivered or used but not yet paid for.