Which of the Following Changes in the Business Environment Have

question 17

Multiple Choice

Which of the following changes in the business environment have led to the emergence of virtual organisations?

• A) Rapid advances in technology
• B) Increases in outsourcing and reliance on various forms of business networks
• C) Increased global mobility in labour
• D) Reliance on creating mutually strategic business alliances

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Definitions:

Factory Overhead

All indirect costs associated with manufacturing, such as utilities, rent, and maintenance, excluding direct materials and direct labor.

Cost-Reimbursement Contract

A type of contract where the purchaser agrees to pay the supplier for all actual costs incurred plus a fee or profit.

Selling Price

The amount of money consumers pay to purchase a product or service, set by sellers based on costs, market demand, and competition.

Allocation System

A method of distributing resources, costs, or revenues among various departments, products, or activities based on predetermined criteria.