The Growth in E-Commerce and Information Economy Has Led to an Increase

question 18

Multiple Choice

The growth in e-commerce and information economy has led to an increase in the demand for employees in:

• A) technical jobs.
• B) mining and resource extraction.
• C) agriculture.
• D) service occupations.
• E) manufacturing.

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Definitions:

Work in Process

Items that are in the process of being manufactured but are not yet complete.

Work in Process

Also known as work in progress, it denotes the cost of unfinished goods in manufacturing at any given time.

Direct Labour Cost

The wages paid to workers who are directly involved in the manufacturing or production process.

Direct Materials Cost

Direct materials cost refers to the expenditure on the raw materials that are directly identifiable and allocable to the production of a product.