Location-Based Social Networking Sites

question 71

Multiple Choice

Location-based social networking sites:

• A) are a hybrid of media sharing and social networking sites
• B) distribute digital audio and video files serially for other people to listen to or watch
• C) are essentially short messaging systems designed primarily for internal communication
• D) combine the fun of social networking with the utility of location-based GPS technology
• E) allow users to archive and share photos and interesting external links

Understand the impact of unused capacity on operational efficiency and cost.

Determine product margins using activity-based costing methodologies.

Analyze the allocation of manufacturing overhead using plantwide and activity-based costing rates.

Calculate the cost of serving customers and processing orders in an activity-based costing system.

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Definitions:

ASIC

The Australian Securities and Investments Commission, which acts as the financial services and markets regulator in Australia.

Insolvency

The state of being unable to pay debts owed when they are due, leading to potential bankruptcy.

Corporations Act

The Corporations Act 2001 is Australian Commonwealth legislation that covers many aspects of the operations of Australian companies, including requiring certain types of entities to prepare financial statements.

Winding Up

The process of dissolving a company, where its assets are liquidated to pay off creditors, and any remaining assets are distributed among shareholders.