________ Technologies Have Yet to Prove Their Full Value but Have

question 78

Multiple Choice

________ technologies have yet to prove their full value but have the potential to alter the rules of competition by providing significant advantage.

• A)Base
• B)Emerging
• C)Key
• D)Strategic
• E)Pacing

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Definitions:

Labor Efficiency Variance

A measure of the difference between the actual number of labor hours used and the standard number of labor hours expected to produce a certain level of output.

Materials Quantity Variance

The financial difference between the actual quantity of materials used in production and the standard expected quantity.

Favorable

A term used to describe outcomes or variances that are positive or beneficial to a business, such as lower costs or higher revenues than expected.

Unfavorable

A term used in budgeting and variance analysis indicating costs exceeded the budget or revenue fell short.