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New Methods of Communication,production and Even the Development of Entire

question 34

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New methods of communication,production and even the development of entire new industries are the results of the changes in


Definitions:

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives.

Product Costs

The costs directly associated with producing goods, including direct materials, direct labor, and manufacturing overhead.

Financial Reporting

The method of generating reports that reveal a company's fiscal condition to its management, investors, and governmental bodies.

Units

This term refers to a measure of quantity, such as items or products, used in manufacturing and production.

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