_____ Involves Using Information Systems and the Internet to Acquire

question 68

Multiple Choice

_____ involves using information systems and the Internet to acquire parts and supplies.

• A) A transaction processing system (TPS)
• B) Electronic business (e-business)
• C) Mobile commerce (m-commerce)
• D) Electronic procurement (e-procurement)

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Definitions:

Overhead Applied

Refers to the allocation of indirect costs to specific cost objects, such as products or services, based on a predetermined rate or basis.

Direct Labor-Hours

The total hours of labor directly involved in the manufacturing process, used as a basis for allocating manufacturing overhead to products.

Departmental Predetermined Overhead Rates

The estimated overhead rates assigned to different departments within a company, used for more accurate product costing.

Markup

The amount added to the cost price of goods to cover overhead and profit; a percentage of the cost.