The Creation of a New Type of Technology, Often in Response

question 21

Multiple Choice

The creation of a new type of technology, often in response to a need to accomplish some task, is called ________.

• A) intentionality
• B) diffusion
• C) acculturation
• D) invention

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Definitions:

Cost Allocated

Cost allocated refers to the process of distributing expenses in proportion to the cost centers or departments responsible for incurring them.

Assembly Department

A section within a manufacturing facility where components are assembled into finished products.

Variable Costing

An accounting method that includes only variable production costs (materials, labor, and overhead) in product costs, with fixed overhead costs being treated as period expenses.

Australian Accounting Standards

The principles and guidelines set by the Australian Accounting Standards Board that govern the reporting and financial practices of entities in Australia.