There Are Several Forces Which Have Caused Major Changes Within

question 32

Multiple Choice

There are several forces which have caused major changes within business today. Which of the following is not mentioned in the textbook as one of those forces?

• A) outsourcing
• B) enterprise resource planning
• C) mass customization
• D) globalization
• E) wireless networking

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Definitions:

Depreciation

The methodical distribution of a physical asset's cost across its lifespan.

Manufacturing Equipment

Assets used in the process of producing goods, including machinery, tools, and other apparatus necessary for the manufacturing process.

Raw Materials Inventory

The total cost of all component materials currently in stock that have not yet been used in work-in-process or finished goods production.

Overapplied

Refers to a situation where the allocated costs exceed the actual overhead expenses incurred.