The Transition to an Information Economy Was Characterized by ______

question 45

Multiple Choice

The transition to an information economy was characterized by ______.

• A) an increasingly centralized and permanent workforce
• B) intense product rivalry between one country and another
• C) an emphasis on mass rather than niche markets
• D) concentrated ownership in nearly every media sector
• E) the ever-increasing power of labor union movements

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Definitions:

IFRS

Stands for International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide companies in preparing financial statements on a global basis.

U.S.GAAP

United States Generally Accepted Accounting Principles, which are accounting standards used in the U.S. to prepare, present, and report financial statements.

Profitability

A rephrasing of profitability analysis, it refers to a company's ability to generate profit from its operations relative to its costs.

Productivity

A measure of efficiency that shows the amount of output produced per unit of input.