Which of the Following Statements About the Emergence of a Networked

question 190

Multiple Choice

Which of the following statements about the emergence of a networked global marketspace is most accurate?

• A) Marketspace creates an unfair competitive environment for emerging nations.
• B) More business-to-consumer marketing is done on the Internet than business-to-business marketing.
• C) The most active participants in the networked global marketspace are companies in developing nations.
• D) All business in the networked global marketspace is conducted in English.
• E) A networked global marketspace enables the exchange of products, services, and information from sellers anywhere to buyers anywhere at any time and at a lower cost.

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Definitions:

Overhead Controllable Variance

The difference between the actual and budgeted overhead costs that management has control over, indicative of operational efficiency.

Overhead Volume Variance

The difference between the budgeted manufacturing overhead for the actual production volume and the actual manufacturing overhead incurred.

Two-Variance Analysis

An analytical technique in managerial accounting where variances between expected and actual performance are divided into a volume variance and a rate or efficiency variance.

Overhead Controllable

Expenses incurred in the running of a business that management can directly influence or control, such as supplies and advertising.