Advances in 3-D Printing Have Made It Easier and Faster

question 58

Multiple Choice

Advances in 3-D printing have made it easier and faster for manufacturers to create prototypes of new parts. These advances are an example of changes in the ________ environment.

• A)technological
• B)economic
• C)political
• D)demographic
• E)biophysical

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Definitions:

Purchase Amount

The total price paid for goods or services, including taxes and any additional charges.

Financial Statement

A Financial Statement is a formal record of the financial activities and position of a business, person, or other entity, including income statements, balance sheets, and statements of cash flows.

Normal Balance

The usual balance of an account in the accounting system, where asset and expense accounts typically have a debit balance, and liability, equity, and revenue accounts have a credit balance.

Discount Period

The timeframe within which a buyer can take advantage of a discount for paying an invoice early.