Mobile Business Is Just Now Emerging and Is Also Referred

question 34

Short Answer

Mobile business is just now emerging and is also referred to as mcommerce or ____________.

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Definitions:

Standard Control Account

An account used to monitor variances between actual costs and standard (expected) costs within an accounting period.

Sales Volume Variance

A measure used to assess the impact of the difference between actual sales volume and budgeted sales volume on revenue.

Master Products

Essential or core products that a company offers, which define its primary business operations.

Standard Costing

An accounting method used to estimate the cost of production by assigning standard costs for materials and labor, used for budgeting and controlling expenses.