Reading Articles About Technology Trends Specific to Your Business, Attending

question 95

Multiple Choice

Reading articles about technology trends specific to your business, attending workshops on technology trends, and reading technology ads are all examples of

• A) ways of staying current on technology.
• B) ways of staying current in your business.
• C) vendor retrieval.
• D) looking for a technology job.
• E) customer management trends.

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Definitions:

Labor Efficiency Variance

The difference between the actual labor hours used and the standard labor hours expected, multiplied by the standard labor rate.

Direct Materials

Raw materials that can be directly traced to the production of specific goods or services.

Direct Labor-Hours

The sum of hours contributed by personnel directly employed in the process of manufacturing.

Variable Overhead

Costs that fluctuate with the level of production activity, such as utilities or raw materials.