Technological Disruption

question 66

Multiple Choice

Technological disruption

• A) typically happens slowly.
• B) is usually begun by the industry leaders.
• C) affects mostly small niche markets.
• D) causes firms to adopt a new business model.
• E) is a problem primarily in embryonic industries.

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Definitions:

Job Order

A work authorization for a specific task or project, often including details such as materials, labor, and overhead costs.

Cost Of Production Report

A document that summarizes the production and cost activity within a specific period, often used in process costing environments.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including materials and labor.

Cost Per Equivalent Unit

The rate used to allocate costs between completed and partially completed production.