Examlex
As the use of the Internet grows around the world,there must be as easy an exchange of ideas and information as possible between countries.One important issue is opt-in versus opt-out.In general,European websites have opt-in policies while U.S.websites have opt-out policies.Opt-in means customers must ask to be involved in data collection and marketing while opt-out companies automatically include customers in data collection unless the customer specifically asks not to be included.Europeans believe it is unethical to invade someone's privacy.Americans are not nearly as protective of their right to privacy.What ethical factor is illustrated by this example?
Predetermined Overhead Rate
The predetermined overhead rate is calculated by dividing estimated overhead costs by an allocation base, such as direct labor hours, to allocate overhead costs to products or services.
Manufacturing Overhead
All indirect costs related to the production process, such as the costs of maintenance, supplies, and utilities, excluding direct materials and direct labor.
Direct Labor-Hour
A measure of labor productivity that indicates the amount of labor input in terms of hours for producing one unit of output.
Job-Order Costing
A cost accounting system in which costs are assigned to specific jobs or batches, used in industries where goods or services are produced upon request.
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