Which of the Following Statements Is True in the Context

question 43

Multiple Choice

Which of the following statements is true in the context of the technological environment?

• A)Technology has little bearing upon the operation of businesses.
• B)The production of crop is not affected by technological developments.
• C)Technological innovations are the result of changes in computing systems only.
• D)Technology has changed how goods and services as well as ideas are exchangeD.

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Definitions:

Manufacturing Overhead

The indirect costs associated with manufacturing a product, including expenses like utilities, maintenance, and factory equipment.

Activity-Based Costing

A method of costing that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each.

Fabrication Activity Cost Pool

A grouping of all the costs associated with the fabrication activities in a manufacturing process, used in activity-based costing.

Idle Capacity

Idle capacity refers to the unused portion of the total capacity of a manufacturing unit which could otherwise be used to produce goods and generate revenue.