What Is Information Reach

question 298

Multiple Choice

What is information reach?

• A)A global public network of computer networks that pass information from one to another using common computer protocols
• B)Refers to the depth and breadth of information transferred between customers and businesses
• C)Measures the number of people a firm can communicate with all over the world
• D)Occurs when those with access to technology have great advantages over those without access to technology

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Definitions:

Materials

The raw substances or components that a company uses in the production of goods or delivery of services.

Conversion Costs

The costs required to convert raw materials into finished products, including labor and manufacturing overhead.

Equivalent Units

A concept used in cost accounting to express the amount of goods produced in terms of complete units.

Work In Process

Items or inventory that are partially completed in the manufacturing process, not yet ready for sale.