Examlex

Solved

The Name for Business Technology in the 1970s Was __________

question 56

Short Answer

The name for business technology in the 1970s was __________.Its primary purpose was to improve the flow of financial information.


Definitions:

Allocation Base

A measure or quantity, such as labor hours or machine hours, used to assign costs to activities or objects.

Machine Hours

A measure of the total time machines are operational within a specific period, often used in activity-based costing or allocation.

Factory Overhead Rate

A calculation used to allocate manufacturing overhead costs to individual units of production, based on a certain base such as labor hours or machine hours.

Machine Hours

A measure of production time, tracking the total hours that machinery is in operation during the manufacturing process.

Related Questions