The Most Important Source of the Changes in Supply Conditions

question 99

Multiple Choice

The most important source of the changes in supply conditions that stimulate financial innovation has been the

• A)deregulation of financial institutions.
• B)dramatic increase in the volatility of interest rates.
• C)improvement in information technology.
• D)dramatic increase in competition from foreign banks.

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Definitions:

Conversion

The process of changing something from one form to another, in business often related to converting raw materials into finished goods.

Job and Process Costing

A combined accounting approach that assigns costs to individual units or batches (job costing) and tracks costs across processes for continuous production (process costing).

Predetermined Overhead

An estimate of the manufacturing overhead cost that will be applied to products based on a planned activity level, used for budgetary and costing purposes.

Manufacturing Overhead

The indirect costs associated with manufacturing, including costs related to the operation of the factory, such as utilities and salaries for supervisors.