While Information Systems Were Once Used Primarily to Automate Manual

question 22

True/False

While information systems were once used primarily to automate manual processes, they have transformed the nature of work and the shape of organizations themselves.

---

Definitions:

Unit Product Costs

The cost assigned to a single unit of product, encompassing direct materials, labor, and overhead.

Markup

The difference between the cost of a good or service and its selling price, expressed as a percentage of the cost.

Selling Price

The amount a buyer pays to purchase a product or service from a seller.

Total Job Cost

The sum of all costs assigned to a specific job or project, including direct materials, direct labor, and applied manufacturing overhead.