The "Internet of Things" Refers To

question 48

Multiple Choice

The "Internet of Things" refers to:

• A) the increasing focus on shopping as the major user activity on the Internet.
• B) the microblogging trend, in which users exchange short text and pictures rather than longer and more in-depth content and text.
• C) the rise in mobile gaming.
• D) the trend away from platform-independent web applications to mobile-device specific apps.
• E) a vision of a pervasive web in which common objects are connected to and controlled over the Internet.

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Definitions:

Material Quantity Variance

The difference between the actual quantity of material used in production and the standard quantity expected to be used.

Direct Materials Purchased

The raw materials bought by a company that are directly used in the production of its goods.

Actual Variable Manuf. Overhead

The real costs incurred from indirect, variable production expenses, assessed after the production process is completed.

Variable Manufacturing Overhead

These are manufacturing overhead costs that vary with the level of production output, such as utilities or materials used in the manufacturing process.