Which of the Following Statements About Technology Is True

question 51

Multiple Choice

Which of the following statements about technology is true?

• A)Nations with more advanced technology are always superior to nations with less advanced technology.
• B)Advanced technology improves life in some ways, but it also threatens life in other ways.
• C)Access to technology is evenly distributed across any society's population.
• D)All of these are correct.

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Definitions:

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance expenses.

Break Even

The point at which total costs and total revenues are equal, resulting in no net loss or gain.

Variable Costs

Costs that change in direct proportion to changes in levels of activity or production volume, such as materials and labor.

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance, necessary for running a business.