Five (5)general Product and Service Categories Dominate Online Consumer Buying

question 162

Multiple Choice

Five (5) general product and service categories dominate online consumer buying.One category includes items such as specialty foods and beverages when

• A)the items are unique.
• B)customer value is the most important element.
• C)price and delivery time are not key factors.
• D)digital delivery is an important factor.
• E)price and speed of delivery are the determinant sales factors.

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Definitions:

Direct Labor-Hours

The total hours worked by employees directly involved in the production process, used as a basis for assigning labor costs to products.

Predetermined Overhead Rate

An estimated overhead rate used to apply manufacturing overhead costs to products, calculated before the costs are actually incurred.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, such as utilities, rent for the manufacturing facility, and salaries for management, distinct from direct labor and direct materials.

Job-Order Costing

An accounting method used to track the costs associated with producing a specific batch of products or providing a particular service, allocating costs to each job individually.