Advances in Technology

question 8

Multiple Choice

Advances in technology

• A) have impacted the manufacturing sector only
• B) have had only limited impact on services
• C) have failed to change the level of customer interaction with an organization
• D) have had dramatic impact on customer interaction with services and with products
• E) have dramatically changed health care, but have not changed retailing

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Definitions:

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all units available for sale during the period.

Conversion Costs

Conversion costs are the expenses required to convert raw materials into finished products, including labor and overhead costs.

Equivalent Units

A concept in costing used to equate the amount of work done on partially finished goods to an equivalent number of fully finished units.

Dust Density Sensors

Instruments designed to measure the concentration of dust particles in the air.