Why Do Students Need to Study Information Technology

question 161

Multiple Choice

Why do students need to study information technology?

• A) Information technology is everywhere in business.
• B) Information technology is rarely discussed in business.
• C) Information technology is rarely used in organizations.
• D) Information technology is found in only a few businesses.

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Definitions:

Finishing Department

The final stage in the manufacturing process where products are completed and prepared for sale.

Transferred Out

In cost accounting, refers to the costs that have been moved from one production department to another in the process of manufacturing.

Predetermined Overhead Allocation Rate

This rate is calculated before the accounting period begins and is used to allocate overhead costs to products or services based on a specific activity base.

Direct Labor Cost

The wages and benefits paid to workers who are directly involved in the production of goods.