Service Technologies Are Considered to Be Labor- and Knowledge-Intensive,while Manufacturing

question 16

True/False

Service technologies are considered to be labor- and knowledge-intensive,while manufacturing technologies tend to be capital asset-intensive.

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Definitions:

Debits And Credits

Fundamental accounting principles that are used to record every financial transaction, where debits must equal credits in every transaction.

Account Type

A classification system used within accounting to differentiate between the various financial transactions, assets, liabilities, and owners' equity carried out or held by a business.

Increases

Refers to the growth or rise in numbers, values, quantities, or activities.

Decreases

A reduction in size, quantity, or level of something.