Answer:
True
Explanation:
Machine is the key component while processing the raw material into finished goods.
This is related to the goods as machine hours are directly related with the number of units.
Accordingly, there is a belief of management that the overheads are directly related to machine hours.
And thus, they are allocated based on machine hours under traditional costing. As therefore, the statement is true as states all of the above things.
Tradeoffs in cost involve examining the development of alternative designs, methods of production, and the required industrial base capability.
A tradeoff is a condition where a company must choose between the existing options in making a business decision. A company often faces a tradeoff situation.There are several considerations related to the cost decision making.
These considerations are the production design, method, and capability. Thus, the production method is the most appropriate answer.
Answer: Option (E)
Explanation:
E-business also known as online business is also referred to as any type of commercial transaction or business that tends to include sharing of information and data across internet. Commerce mostly constitutes exchange of commodity, products and other services in between groups, businesses and also individuals and thus can be easily seen as an essential activity of a business organization.
Answer: Option C
Explanation: In simple words, critical dilemma refers to the confusions and problems that may arise and are pretty hard to solve.
While implementing fiscal policies in an economy the authorities must have proper information however the information takes time and cost to get collected and processed.
This situation is called information lag and is a critical dilemma as the individuals in authority have to decide whether to go for information processing and collecting or not.
