E-Commerce,high-End Vending Machines,and Mobile Commerce Are All Examples of

question 39

Multiple Choice

E-commerce,high-end vending machines,and mobile commerce are all examples of

• A) symbolic consumption.
• B) new technology that changes the types of products that consumers will order.
• C) changes in information technology affecting where we can acquire goods.
• D) new technology that primarily affects the disposal of products.
• E) examples of personal selling.

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Definitions:

High-low Method

An approach in managerial accounting that approximates variable and fixed costs by examining the maximum and minimum levels of activity.

Inspection Costs

Expenses associated with the activity of checking and verifying the quality or specifications of goods or services.

Direct Labor-hour

A measure of the amount of time spent by workers directly involved in the production process to manufacture a product.

High-low Method

An approach in cost accounting to determine variable and fixed charges, based on analyzing the activity's minimum and maximum levels.