Given the Broadest Interpretation of Technology,technology Will Include Which of the Following

question 35

Multiple Choice

Given the broadest interpretation of technology,technology will include which of the following?

• A)how well firms are run
• B)the organization and sophistication of markets
• C)the political environment
• D)the list of blueprints defining the types of products and the techniques available to produce them
• E) all of the above

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Definitions:

Fixed Manufacturing Overhead

Costs that do not vary with the level of production or sales, such as salaries of factory supervisors and rent of the manufacturing facility.

Materials Price Variance

The difference between the actual cost of raw materials and the standard cost multiplied by the quantity of materials purchased, used as a measure of cost control.

Direct Labor Variances

The differences between the budgeted and actual costs of direct labor used in production.

Direct Labor

The labor cost directly associated with the production of goods or services, including wages for workers who physically produce a product.