The Two Factors That Determine the Costs of Manufacturing Inputs

question 94

True/False

The two factors that determine the costs of manufacturing inputs (materials,labor,and overhead)are price and quantity.

Grasp the implications of a stock split, stock dividend, and the concept of retained earnings in corporate finance.

Understand the regulatory and legal framework surrounding the corporate form of business organization, including the concepts of limited liability and continuous existence.

Understand the process and implications of closing net income or loss to retained earnings or contributed surplus.

Recognize the definition and implications of a deficit in the Retained Earnings account.

---

Definitions:

Automatic Updates

Software functionality that automatically downloads and applies updates to the software to ensure it stays current and secure.

Menu-driven Interface

A user interface in which the user chooses a command from menus displayed on the screen.

RAM

Random Access Memory, a type of computer memory that can be accessed randomly and is used for storing running programs and temporary data.

CPU

The Central Processing Unit, the primary component of a computer that performs most of the processing inside a computer.