In the Context of Supply Chain Management (SCM)systems, Which of the Following

question 46

Multiple Choice

In the context of supply chain management (SCM) systems, which of the following markup languages has helped organizations use the Internet and Open electronic data interchange (EDI) perform the same function as that of traditional EDI?

• A)XML
• B)HTML
• C)SGML
• D)SML

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Definitions:

Factory Labor Costs

Expenses related to employing workers in a manufacturing setting, including wages, benefits, and related taxes.

Direct Labor Cost

The cost of wages and benefits for employees directly involved in the production of goods or services.

Work in Process Inventory

The value of materials, labor, and overhead costs for products that are partially completed in the manufacturing process.

Overapplied Overhead

A situation in cost accounting where the allocated manufacturing overhead costs are more than the actual overhead costs incurred.