What Network Connects Computer Systems and Devices Within an Office

question 57

Multiple Choice

What network connects computer systems and devices within an office, home, or several floors in a building?

• A)a metropolitan area network
• B)a local area network
• C)a wide area network
• D)a personal area network

Recognize the significance of Adam Smith’s pin factory example in illustrating economies of scale.

Understand the difference between a hypothesis and a prediction.

Recognize the various sources of research ideas.

Identify proper methods for developing a research hypothesis.

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Definitions:

Variable Costing

An accounting technique that entails including only the variable costs of production, like direct materials, labor directly involved in manufacturing, and variable factory overhead, into the pricing of products.

Unit Product Cost

The total cost (fixed and variable) incurred to produce, store, and sell one unit of a product.

Net Operating Income

A financial metric that shows how much profit a company generates from its core business operations, excluding expenses from interest and taxes.

Absorption Costing

An accounting practice that includes the total manufacturing costs, which are direct materials, direct labor, and manufacturing overhead (both variable and fixed), in the valuation of a product.