One Disadvantage to the Internet of Things Is That It

question 38

True/False

One disadvantage to the Internet of Things is that it reduces the amount of data available to companies about consumer behavior.

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Definitions:

Variable Overhead Rate Variances

The difference between the actual variable overhead incurred and the standard variable overhead allocated to production, indicating cost control efficiency.

Lubricants

Oils, greases, and other substances used to reduce friction between mechanical parts.

Supplies

Items and materials used in the daily operations of a business, often consumable and regularly replaced.

Material Price Variance

The difference between the actual cost of materials and the expected (or standard) cost.