Advances in Technology Have

question 30

Multiple Choice

Advances in technology have:

• A) complicated the distribution channel thereby making distribution a lengthy process.
• B) allowed firms to separate their activities by content and context.
• C) enabled firms to operate in a marketplace rather than a market space.
• D) made the procurement of raw materials an expensive process.

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Definitions:

Convertible

A type of security, such as a bond or preferred stock, that can be converted into a specified number of shares of common stock.

Credits

In accounting, credits refer to an entry on the right-hand side of an account ledger, representing an increase in liability, equity accounts, or revenue, or a decrease in an asset or expense account.

Conversion

The act of changing one form of securities into another, such as converting bonds into shares of stock, or the process of changing one currency into another.

Trading Securities

Financial securities that are purchased and held primarily for sale in the near term to generate income on short-term price differences.