Technology Can Enable Producers to Economize On

question 82

Multiple Choice

Technology can enable producers to economize on:

• A)​labor
• B)​capital
• C)​land
• D)​any of the above.

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Definitions:

Maturity Date

The due date on which a loan or bond must be completely paid off, including principal and interest.

Interest Earned

The amount of income generated from an investment or the amount of interest accumulated on a financial asset over a period of time.

Bond Payable

A long-term debt instrument issued by a company, promising to pay the holder a specified amount of interest over a set period and to repay the principal on the bond's maturity date.

Long-Term

Referring to assets, liabilities, or investments that are expected to be held or mature in more than one year.