What Is the World Wide Web Consortium

question 51

Multiple Choice

What is the World Wide Web Consortium?

• A) A markup language that delivers everything from animation to graphics and music to movies.
• B) An international community that develops open standards to ensure the long-term growth of the web.
• C) A nonprofit organization that has assumed the responsibility for Internet Protocol (IP) address space allocation, protocol parameter assignment, and domain name system management.
• D) The Internet protocol web browsers use to request and display web pages using universal resource locators.

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Definitions:

Manufacturing Costs

Refers to the total expenses incurred in the process of producing a product, including raw materials, labor, and overhead costs.

Variable Costing

An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, treating fixed costs as period expenses.

Absorption Costing

An accounting method that includes all manufacturing costs (direct costs, fixed, and variable overheads) in the cost of a product.

Costing Approach

A method or system used to calculate the cost of a product, project, or service for accounting, financial, and strategic planning.