Which of the Following Statements About the Emergence of a Networked

question 205

Multiple Choice

Which of the following statements about the emergence of a networked global marketspace is true?

• A)The most active participants in the networked global marketspace are companies in developing nations.
• B)The chief advantage of the global marketspace over the traditional bricks-and-mortar stores for customers is the ability to shop anywhere, at any time, and at the lower cost.
• C)All business in the networked global marketspace is conducted in English.
• D)More business-to-consumer marketing is done on the Internet than business-to-business marketing.

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Definitions:

Machine-Hours

A measure of production activity that indicates the amount of time machines are used in the manufacturing process.

Direct Labor-Hours

The total hours worked by employees directly involved in the manufacturing process, used as a basis for allocating labor costs to products.

Activity-Based Costing

A method in cost accounting that assigns costs to products and services based on the activities involved in their production or delivery.

Activity Rates

Rates used in activity-based costing to assign overhead costs to products or services, based on the activities that drive those costs.