Large Investments in Old Technology and the Incompatiblility of New

question 17

Multiple Choice

Large investments in old technology and the incompatiblility of new and old technologies with each other are the main reasons companies and consumers are reluctant to switch to a different technology during a(n) _____.

• A) innovation stream
• B) design competition
• C) design iteration
• D) change intervention

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Definitions:

Volume Variance

The difference between the budgeted fixed overhead and the applied fixed overhead, which is usually driven by a difference in actual production volume and the expected production volume.

Materials Price Variance

The variance between the real expense of materials and their anticipated (standard) price.

Raw Material

The basic substances or components that are processed or used in the manufacturing of goods.

Direct Labor-Hours

The cumulative number of labor hours directly engaged in manufacturing goods or services.