The Fear in the 1960s That We Would All Be

question 43

Multiple Choice

The fear in the 1960s that we would all be reduced to punched cards may not have happened without the work of ____.​

• A)​Babbage
• B)Hollerith
• C)​Hollingworth
• D)Lovelace
• E)James

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Definitions:

Sunk Costs

Costs that have already been incurred and cannot be recovered, which should not influence future business decisions.

Unproductive

Refers to a state or condition where output or efficiency is below the expected or required level.

Activity-based Costing

A pricing strategy that allocates expenses to goods or services according to the tasks they necessitate, striving for a more accurate distribution of costs.

Relevant Cost

A cost that should be considered when making decisions.