Early Computer Systems Presented Two Main Problems: Setup Time and _____

question 38

Short Answer

Early computer systems presented two main problems: setup time and _____.

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Definitions:

Activity Variance

The difference between what was planned in terms of activity levels or costs and what was actually achieved.

Administrative Expenses

Costs related to the general operation of a business, such as salaries of executive personnel and office supplies.

Client-Visits

The number of times clients come to a business location or are contacted for service purposes within a given time frame.

Activity Variance

The difference between the expected amount of activity and the actual activity level, often used in budgeting and forecasting.