Which of the Following Is Not a Source of Technological

question 230

Multiple Choice

Which of the following is not a source of technological advancement for a producer?

• A)better trained workers
• B)more efficient physical capital
• C)higher skill level of managers
• D)outsourcing some aspect of production

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Definitions:

Accounts Payable

The amounts a company owes because it purchased goods or services on credit from a supplier or vendor.

Discount Period

The time frame in which a payment can be made at a reduced rate, usually before a specified due date.

Invoice

A document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer.

Discount

The reduction from the full amount or value of something, often used as an incentive in sales.