Companies Like Amazon and EBay That Only Have a Presence

question 41

Multiple Choice

Companies like Amazon and eBay that only have a presence in the virtual world have significantly lower fixed costs in terms of retail space than companies that have to pay for retail space,like retail stores you would find in a mall.This technological concept is known as:

• A)VoIP.
• B)telecommuting.
• C)cloud computing.
• D)digital storefronts.

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Definitions:

Equivalent Units

A concept in cost accounting used to compute the costs associated with partially completed goods.

Welding Department

A specialized division within a manufacturing or engineering company focused on joining metal parts through the application of heat.

Weighted-Average Method

The weighted-average method calculates the cost of goods sold and ending inventory value, considering the average cost of all inventory items based on weight.

Equivalent Units

A concept used in cost accounting to standardize units of production, making them comparable despite being in different stages of completion.