alleryStart learning →What shift has taken place in less than seventy years?
AFrom a service economy back to farming
BFrom a trading economy to a closed economy
CFrom an industrial society to a knowledge economy
DFrom a knowledge economy to an industrial one
Answer & Solution
Correct answer: C. From an industrial society to a knowledge economy
1. In less than seventy years we have shifted from an industrial society to a knowledge-based economy driven by information.
2. Businesses now depend on information technology for everything from running daily operations to making strategic decisions.
3. The direction of the shift matters, so the reversed option is wrong.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 13 "Using Technology to Manage Information", section 13.1 Transforming Businesses through Information_
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