An Important Endogenous Factor Influencing a Country's Rate of Technological

question 10

Multiple Choice

An important endogenous factor influencing a country's rate of technological change is

• A) the nature and extent of its scientific capabilities.
• B) an absence of research and development.
• C) a large gap between actual and potential output.
• D) the presence of high levels of consumption with little or no household saving.
• E) its capital-output ratio.

Comprehend the role of form and orientation tolerances in specifying geometric controls.

Describe how angularity is specified and its relevance to non-perpendicular angles.

Grasp the concept of parallelism and its measurement as a geometric control.

Understand how perpendicularity is defined and applied in geometric tolerancing.

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Definitions:

Departmental Predetermined

An estimated overhead rate calculated specifically for different departments within a company to allocate overhead costs more accurately.

Overhead Rates

The method for allocating indirect costs to products based on predetermined rates.

Machine-Hours

A measure of production time, calculated as the total number of hours machines are operated during a specific period.

Overhead Applied

The allocated portion of overhead costs assigned to individual units or activities, based on a predetermined overhead rate.