New Developments in Information Technology Have

question 76

Multiple Choice

New developments in information technology have

• A) had little effect on business location decisions.
• B) given firms even greater flexibility in their location decisions.
• C) caused a movement of firms back to urban areas where access to this technology is greatest.
• D) reduced the impact government policies have on location decisions.

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Definitions:

Finished Goods

Products that have completed the manufacturing process and are ready to be sold to consumers.

Work in Process Inventory

Goods that are in the process of being manufactured but are not yet completed.

Direct Materials

Raw materials that are directly traceable and attributable to the manufacturing process of a product.

Overhead Application Rate

The overhead application rate is a calculated rate used to apply or allocate overhead costs to individual units of production, based on a specific formula, such as machine hours or labor hours.