Examlex

Solved

Companies That Do Not Use the Internet Will Find It

question 85

Multiple Choice

Companies that do not use the Internet will find it increasingly difficult to remain competitive.Once a company begins using the Internet,it:


Definitions:

Machine-Hours

A measure of production volume or activity based on the number of hours machines are operated in the manufacturing process.

Fixed Manufacturing Overhead

Fixed manufacturing overhead consists of the production costs that do not vary with the volume of production, such as rent for the manufacturing facility, salaries of manufacturing managers, and depreciation of factory equipment.

Selling Price

The price at which a product or service is offered for sale to a buyer.

Markup

The addition to the cost price of items to include overhead expenses and profits.

Related Questions