Erik Is the President and Owner of Watch Out,a Local

question 58

Multiple Choice

Erik is the president and owner of Watch Out,a local website development company that helps clients create and build unique websites.Many of his daily tasks are heavily technical in nature and require a high level of computer programming and internet knowledge.Which of the below would Erik primarily use when performing his daily tasks?

• A)Source code
• B)Brick-and-mortar
• C)Information reach
• D)Explicit knowledge

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Definitions:

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choice.

Variable Conversion Cost

Costs that change with the level of production output, including elements like direct labor and utility expenses related to manufacturing.

Direct Material

Raw materials that are directly traceable to the manufacturing of a specific product and constitute a significant portion of the production costs.

Seasonal Product

A type of product whose demand and availability significantly depend on the season or time of the year.