One of the First Steps in the Development of E-Commerce

question 99

True/False

One of the first steps in the development of e-commerce was TPS , which originally was created to eliminate paperwork and increase response time in business transactions.

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Definitions:

Price Labor Variances

Refers to the difference between the actual labor cost incurred and the standard labor cost for the actual production achieved.

Standard Labor Cost

The predetermined cost of labor expected under normal conditions, used for setting budgets and evaluating performance.

Payroll Taxes

Mandatory taxes withheld from an employee's earnings by an employer, which are then paid to government agencies.

Direct Labor Rate

The hourly wage paid to workers who are directly involved in the production of goods or services.