A Major Impact of Information Technology Has Been to

question 78

Multiple Choice

A major impact of information technology has been to

• A) encourage the growth of giant corporations.
• B) create organizations that are independent of location.
• C) reduce the demand for skilled labor.
• D) increase overall costs of production.

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Definitions:

Service Department Allocations

The process of distributing the costs of service departments to producing or operating departments based on their usage of services.

Service Department Charge Rate

The rate at which internal service departments charge other parts of the same organization for the services rendered.

Accounting Department

The division within a company responsible for managing financial records, ensuring compliance with accounting standards, and producing financial statements.

Service Department Cost

Involves the expenses associated with the departments that do not directly produce goods but provide support or services to other departments within an organization.