The Rapid Fall in Prices of Digital IT Equipment and Services

question 58

Multiple Choice

The rapid fall in prices of digital IT equipment and services may

• A) reduce the importance of IT in the global economy.
• B) spell the end of the digital era.
• C) make digital divide a myth.
• D) reduce the availability of bandwidth in developed economies.
• E) localize the production of goods and services.

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Definitions:

Rent

The cost incurred for using properties or equipment owned by another party for a specified period.

Direct Expense

Costs that can be directly tied to the production of specific goods or servicing of specific services, such as raw materials and labor.

Painting Department

The painting department is a specific section within a manufacturing or production company responsible for painting and finishing products.

Income

Income is the financial gain earned or received by an individual or entity, typically through work, investments, or business operations.