NASDAQ and SOFFEX Are Examples of How Information Technology Can

question 235

Multiple Choice

NASDAQ and SOFFEX are examples of how information technology can:

• A)help engineers design products that exactly meet the needs of a specific target market.
• B)be used to create organizations and provide services that are independent of location.
• C)provide small firms with new opportunities to grow by forming alliances with larger companies.
• D)help the government measure the environmental impact of business activities.

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Definitions:

Equivalent Units

A concept used in cost accounting to express the amount of materials consumed or labor utilised in terms of fully completed units.

Raw Materials

The basic materials from which a product is made, which are processed in a manufacturing operation to complete a finished good.

Overhead Costs

Indirect costs of running a business that are not directly tied to producing a good or service, such as rent, utilities, and administrative expenses.

Machine Hours

The total hours that machinery is operated in the production process, used in costing and operational efficiency analysis.