Which of the Following Statements About the Relationship Between the Radio

question 124

Multiple Choice

Which of the following statements about the relationship between the radio industry and the concept of media convergence is false?

• A) The convergence between radio and the recording industry was just the earliest instance of radio overlapping with another form of mass media.
• B) Radio has heavily converged with the Internet with things like podcasts and streaming audio.
• C) Internet stations are able to negotiate royalty rates directly with the music industry.
• D) Internet radio harkens back to the early days of radio, with its large variety of stations, and to the transistors of the fifties, with its portability.
• E) Internet radio only includes existing stations that simulcast over the Web.

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Definitions:

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours expected, multiplied by the standard hourly wage rate.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, multiplied by the standard cost per unit.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead incurred and the standard cost allocated for the actual production achieved.

Labor Rate Variance

The difference between the actual cost of direct labor and the expected (or budgeted) cost, based on standard rates and actual hours worked.