Which of the Following Statements About Technology Is True

question 94

Multiple Choice

Which of the following statements about technology is true?

• A) Technology increases the distance between communicators.
• B) Technology allows an immediate exchange of information across miles and time zones.
• C) Technology does not change very rapidly.
• D) Technology is not prey to pitfalls so it eliminates the risk of failed communication.
• E) Technology does not allow people to share documents instantaneously.

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Definitions:

Underapplied Factory Overhead

The amount of actual factory overhead in excess of the factory overhead applied to production during a period.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly involved in creating the product.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting purposes, which might not align with the calendar year.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual units of production, based on direct labor hours, machine hours, or any other measurable activity.