Technology

question 123

Multiple Choice

Technology:

• A)Has replaced accounting.
• B)Has not improved the clerical accuracy of accounting.
• C)Reduces the time,effort and cost of recordkeeping.
• D)In accounting has replaced the need for decision makers.
• E)In accounting is only available to large corporations.

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Definitions:

Import-substitution Strategies

Economic policies and practices aimed at replacing foreign imports with domestic production.

Economists

Professionals specialized in the study of economics, focusing on the production, distribution, and consumption of goods and services.

Economic Development

The process of improving economic well-being and quality of life through economic growth, creation of jobs, and the implementation of social and technological advancements.

Entrepreneurial Activity

The act of starting new businesses, initiating innovations, and introducing new products or services to the market, often seen as a driver of economic growth.