Technology

question 120

Multiple Choice

Technology:

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

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Definitions:

Usurious Interest

Exorbitantly high interest rates, often exceeding legal or ethically acceptable limits.

Unconscionable

Refers to actions or terms that are excessively unjust or unreasonable, often to a degree that they violate fairness or ethics.

Supply

The sum of a product or service that can be bought at a specific price.

Land

The surface of the earth and its natural resources, considered a fundamental factor of production in economics.