Classify the Sequence and Supply the Next Term

question 93

Short Answer

Classify the sequence and supply the next term.
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1, 2, 4, 8, ...
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The next term is __________.
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The sequence is __________ (arithmetic, geometric, Fibonacci-type, none of these).

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Definitions:

Indirect Labor

Labor costs not directly associated with the production of goods or services, such as supervisory or maintenance labor.

Equipment Expense

Equipment expense refers to the cost associated with purchasing, maintaining, and using equipment in a business operation, usually accounted for over the equipment's useful life.

Overhead Accounts

Accounts that track the indirect costs of production or services, such as utilities and rent.

Resource Consumption

The process of using up resources, such as raw materials, labor, and energy, in the production of goods and services.