2.0 Is a Term That Describes

question 150

Multiple Choice

2.0 is a term that describes

• A) the increased functionality of the World Wide Web that increased the interactivity among users.
• B) a technical update of the World Wide Web.
• C) the first Internet browser.
• D) the decreased degree of interactivity among users.
• E) the final published form of web content.

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Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period, not yet sold.

Manufacturing Costs

The total expense involved in manufacturing a product, including direct materials, direct labor, and overhead costs.

Direct Materials

The raw materials directly used in the production of a product, easily traceable to the finished good.

Absorption Costing

An accounting method that includes both variable and fixed manufacturing costs in the cost of a product.