The Switch to an Entirely Digital Signal Freed Up Bandwidth

question 11

Multiple Choice

The switch to an entirely digital signal freed up bandwidth space, allowing broadcasters and cable operators to offer new products such as __________.

• A) video-on-demand
• B) online dating services
• C) foreign-language programs
• D) public broadcasting

Recognize the legal implications of breaching a contract.

Understand the distinction between intellectual property and other forms of property.

Describe the requirements for an offer to be legally effective.

Explain the doctrine of contractual capacity.

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Definitions:

Variable Manuf. Overhead

Costs that vary with the level of production output and are related to the manufacturing process but cannot be directly traced to individual units produced.

Direct Materials

Raw materials that are directly incorporated into a finished product and are easily traceable to it.

Labour Rate Variance

The difference between the actual labor costs incurred and the standard labor costs for the actual production level.

Actual Rate

The actual cost incurred or the price paid for materials, labor, or overhead as opposed to budgeted or standard costs.