Why is technology such an important factor of production?
What will be an ideal response?
Effective use of technology can make the difference between a successful and an unsuccessful business. Successful companies are able to keep pace with technological progresses and harness new knowledge, information, and strategies. Unsuccessful organizations often fail because they have not kept pace with the latest technology and techniques.
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The beginning balance in the Common Stock account of Cedar Technologies, Inc. was $76,000. The revenues and expenses amounted to $55,000 and $37,000, respectively. During the year, the company did not declare any dividends or issue common stock
The Common Stock account will have $131,000 at the end of the year. Indicate whether the statement is true or false
With respect to social organization, some barnyard animals exhibit signs of a dominance-submission hierarchy. Which of the following terms best illustrates such a hierarchy?
A) Dog-eat-dog B) Pecking order C) Social class D) King-of-the-hill