What is the ability to send vast amounts of data instantly and globally called?
A) social media
B) economic impact
C) radical connectivity
D) disruptive technology
E) smart technology
Answer: C
Explanation: Social media pioneer Nicco Mele coined the term radical connectivity to describe "the breathtaking ability to send vast amounts of data instantly, constantly, and globally."
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The normal selling price of our product is $42 per unit. The costs of production are direct materials, $8; direct labor, $6; variable overhead, $7; and fixed overhead, $4 (based on normal capacity). The company has received a special order for 10,600 units at a unit sales price of $23 . There is ample unused capacity to fill the order and $1 per unit will be incurred for additional freight costs
If the order is accepted, operating income will a. increase by $10,600. b. decrease by $31,800. c. increase by $21,200. d. decrease by $21,200.
Garrison Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work-in-process inventory: Units in beginning work-in-process inventory 600 Materials costs$6,600 Conversion costs$2,700 Percent complete with respect to materials 60%Percent complete with respect to conversion 10%Units started into production during the month 7,000 Materials costs added during the month$102,200 Conversion costs added during the month$259,200 Ending work-in-process inventory: Units in ending work-in-process inventory 1,500 Percent complete with respect to materials 55%Percent complete with respect to conversion 10%The cost per equivalent unit for conversion costs for the
first department for the month is closest to: (Round your answer to 2 decimal places.) A. $43.96. B. $41.87. C. $42.49. D. $45.00.
Discuss the following statement: "As long as the total variable overhead variance is small, the managers can be assured that actual activity is proceeding as planned. No further action is necessary."
Consider the after-tax cash flows for Project S and Project L:
Project S Project L Year 1 $3000 0 Year 2 0 $3000 A rational person would prefer ________. A) Project L because they can avoid taxes by receiving cash flows later B) Project S because the money can be reinvested sooner C) information about profits instead of cash flows D) neither investment over the other