Case 4-1 Michael, the Owner of a New Retail Store, Sets Up

question 25

Multiple Choice

Case 4-1
Michael, the owner of a new retail store, sets up a business network to communicate with fellow retailers and to attract customers.
Michael plans to indulge in various networking applications that can be used in his business. Which of the following networking technologies can he use to conduct meetings with retailers in other parts of the world?

• A)Telemarketing
• B)Host signaling
• C)Peer-to-peer ( P2P ) networking
• D)Videoconferencing

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Definitions:

Fixed Overhead Budget Variance

The difference between the actual fixed overhead costs incurred and the budgeted fixed overhead costs.

Applied Fixed Overhead Cost

The portion of fixed overhead costs that is allocated to the production process during a specific period.

Budgeted Fixed Overhead Cost

Budgeted fixed overhead cost is the projected amount of fixed costs that are expected to be incurred during a specific period, used for budgeting purposes.

Material Quantity Variance

The difference between the actual quantity of material used in production and the standard quantity expected to be used.