Which of the Following Is True Regarding Technological Innovation

question 45

Multiple Choice

Which of the following is true regarding technological innovation?

• A) Technological innovation has complicated the production process.
• B) Technological innovation has increased demand, therefore products are distributed at a higher cost.
• C) Technological innovation allows for customization in order to meet diverse clients' needs.
• D) Technological innovation enables greater access to raw materials around the world which in turn increases production costs.

---

Definitions:

Float Balance

The amount of money within a financial system that is briefly counted twice due to time gaps in registering a deposit or withdrawal, often seen in the banking system.

Ledger Balance

The balance of a bank account at the start of each day, including all deposits and withdrawals that have been posted to the account.

Miller-Orr Model

A model used to manage cash balances by setting upper and lower limits on cash reserves, triggering transfers to optimize interest and liquidity.

Upper Limit

The maximum level or boundary allowed or possible, often used in the context of production, spending, or other types of limits.