An Economy Based on Computer and Information Technology Has Had

question 22

Multiple Choice

An economy based on computer and information technology has had what effect on social stratification in recent years?

• A) It has made a college education more expensive.
• B) It has made a college education more accessible.
• C) It has increased the importance and value of a college education in the job market.
• D) It has made it more difficult to attend college.

---

Definitions:

Collections

The process of receiving payment on accounts receivable or the amounts collected.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the product.

Collections

The process of receiving payments from customers or clients for goods or services rendered.

Merchandise Purchases

The total cost of goods bought for resale during a specific period in a retail or wholesale business.