The "Two Faces" of Technology Means That a Given Form

question 25

Short Answer

The "two faces" of technology means that a given form of advanced information technology can have effects depending upon its application.

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Definitions:

Cost Allocation

The process of identifying, aggregating, and assigning costs to cost objects, such as products, services, or departments.

Cost Pool

A grouping of individual costs, typically by department or service, from which cost allocations are made to products or services.

Responsibility Centre

A business segment or department for which a manager has authority and responsibility for certain activities, performance, and outcomes.

Allocation Base

A criterion or standard used to distribute overhead costs among various cost objects, such as products or projects.