Which of the Following Is a Result of the Greater

question 141

Multiple Choice

Which of the following is a result of the greater availability of electronic communication?

• A)There is more emphasis on personal service in the market.
• B)Markets are becoming smaller.
• C)Markets are becoming inefficient.
• D)Markets are becoming more efficient.

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Definitions:

Fixed Manufacturing Overhead

The sum of all consistent, non-variable costs associated with manufacturing, including salaries of supervisors and rent of the facility.

Job-Order Costing System

An accounting method that tracks the costs associated with producing a specific batch of products or a specific job.

Predetermined Overhead Rate

The rate used to allocate manufacturing overhead to products, calculated before the period begins based on estimated costs and activity levels.

Direct Labor-Hours

A measure used in accounting to allocate costs, referring to the total hours worked by employees directly involved in the manufacturing process.