One of the enabling technologies for the object-orientation approaches was that processors increased in power and speed as well as were less expensive (aka "Moore's Law").

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This statement is true. The increase in processor power and speed as well as the decrease in cost were key factors in enabling the development of object-oriented approaches. This phenomenon is often referred to as Moore's Law, named after Gordon Moore, one of the founders of Intel Corporation.

One of the Enabling Technologies for the Object-Orientation Approaches Was