Why Does It Make Sense That Mp3 Players, Like IPods

question 66

Multiple Choice

Why does it make sense that mp3 players, like iPods, would replace the compact disc in a postmodern economy?

• A) There are limits to the number of CDs you can sell to any one person, but more "ephemeral" products like mp3s and downloaded movies can be sold faster and more often.
• B) Mp3 players are better designed than CDs and make use of the same technologies (the computer chip) that are driving the information economy.
• C) Mp3 players are less portable and mobile than CDs.
• D) Mp3 players allow more control of the dissemination of information, which undermines the constitutional rights of the average citizen to have her voice heard.
• E) Mp3 players could only exist after the removal of government restrictions on the media industry allowed companies to gain control of ever-larger chunks of the media market.

Understand how ABC information can assist in management decision-making regarding production, pricing, and customer profitability.

Understand the concept and purposes of activity-based costing (ABC).

Identify the stages of ABC and what each stage involves.

Learn how to allocate overhead costs to activity cost pools in the first stage of ABC.

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Definitions:

Annual Interest

The total amount of interest payable or receivable over one year, depending on whether the context is savings, investment, or a loan.

Credit

An accounting entry that increases liabilities and equity, or decreases an asset or expense account, representing the opposite of a debit.

Sales Discounts

Reductions from the listed or invoice price of goods or services provided to customers, often used as an incentive for early payment.

Accounts Receivable

Funds that customers owe a company for products supplied or services rendered but have not yet been paid for.