Social and Spatial Differences in Internet Access Are Due Largely

question 55

Multiple Choice

Social and spatial differences in internet access are due largely to

• A) poverty.
• B) density, reliability and affordability of telephone systems.
• C) differentials in accessing the skills, equipment and software necessary.
• D) all of the above
• E) B and C only

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Definitions:

Conversion Cost

Conversion cost is the sum of direct labor and manufacturing overhead costs incurred to convert raw materials into finished goods.

Product Cost

The expenses incurred to create a product, including direct materials, direct labor, and manufacturing overhead.

Direct Materials

Raw materials that can be directly traced to the manufacturing of a product.

Period Cost

Costs that are expensed in the period in which they are incurred, as opposed to being capitalized or included in the cost of goods sold.