As Our Society Has Entered a Postindustrial, Computer-Based Phase, Which

question 55

Multiple Choice

As our society has entered a postindustrial, computer-based phase, which of the following have become more important?

• A) gaining symbolic skills, including speaking, writing and computing
• B) gaining mechanical skills using industrial machinery
• C) knowing more about the past
• D) All of the above are correct.

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Definitions:

Turnover

The total sales generated by a business within a specific period. It can also refer to the rate at which employees leave a company and are replaced.

Residual Income

Residual income is the profit earned after subtracting all required costs of capital from the operating profit.

Minimum Required Rate

The least acceptable rate of return on an investment, often used in capital budgeting to assess potential projects.

Operating Assets

Assets used by a business in its daily operations to generate revenue, excluding investments and non-essential properties.