The Use of Online Learning Platforms and Their Impact on Education

The crisis imposed on us by COVID-19 undoubtedly had us dealing with unfavourable consequences, including house arrest. However, in the wake of the pandemic, academic institutions started conducting classes online, which was a good thing. Learning was undergoing a slow-paced change where students explored the homework help services, and the academic world outside their classrooms even before COVID-19 took over the globe. Nevertheless, with the deadly virus compelling everybody to stay inside their houses, educators turned to online learning platforms to provide education to students. This changed the concept of traditional education completely, and the favourable learning option that dominated the academic world was the online learning concept.

However, that’s not reason enough to shy away from this alternative, which has proven to be valid and useful for many students. According to the most recent survey from Babson Survey Research Group, over 30 percent of higher education students in the United States are taking at least one distance course. Online education is a sensible choice whether you’re a teenager or an adult. As a student, this can be a useful learning method for sharpening your skills in a difficult subject, or learning a new skill.

On that note, let us learn how online education has impacted education. 

Learning online provides flexibility

When you learn online, you learn at your own pace. You do not have to bother at what rate your class topper is progressing or if you need to speed up your learning process. You can set your study schedule after considering other essential tasks. This way, you can manage your work and studies effectively, and you will not have to give up on anything. 

Another positive side of shifting to learning from online platforms is that you develop time management skills. As you manage your schedule effectively and balance studies and work, you ensure a balanced lifestyle for yourself. And only if you want to share your plan with your teachers can you have more autonomy and accept new responsibilities. 

Online learning is affordable 

Most in-demand online learning platforms are available at penny-pinching prices. Do my assignment Australia On signing up at online learning platforms, you will receive a supreme quality education at comparatively lower costs than traditional education. Expenses tied with traditional education, including tuition fees and various others, get deducted when you learn from online platforms. Also, you don’t even have to make commutes to reach your school. You get curated course materials and guidance from one single platform. Read Also – How Mobile Apps Are Boosting User Engagement

Online education will always be flexible and less expensive overall for students. While the cost of most college degrees can surprise you with their fairly high rates, online courses will always remain affordable and adequately fit your budget. 

You can learn in your style 

Not every student is born a brainy. On that note, a cohort of students can be average in capturing knowledge. Then some students have independent learning styles and educational experiences. For instance, I recall one of my college friends who enjoyed learning from videos. Naturally, he preferred staying at home as attending college to maintain attendance sounded illogical. Jokes apart, he could learn better by looking at the visuals cast in videos. Similarly, some students get distracted by the visuals released in a video and prefer learning through sounds, like in a classroom. Then some students easily get distracted by studying with a group of people. To these people, online learning is a great option. With wide-ranging resources and courses, online learning offers customised learning options to these students. 

You can involve in high-quality discussions 

Online learning platforms provide students with the opportunity to understand the questions asked by their teachers. Students do not have to rush to answer questions; instead, they can take time to process the question and then answer it. Students can get the time to learn ways to answer and send feedback in an orchestrated way. This is beneficial for students academically as they can buy time to respond correctly to feedback from professors in an in-depth manner. 

If you look closely, this is different from in-person discussions. In person-to-person discussions, students only sometimes get the time to think before answering questions. And sometimes, students even lose grades for answering impertinently as the replies are spontaneous. And since students are expected to respond quickly, some students even miss out on the opportunity to participate in discussions. 

Parting thoughts, 

Online learning has become the norm, proving good for students. The online learning platforms are easy to enrol in and undemanding to start learning. Moreover, you can learn at your own pace with online learning platforms. So, what are you waiting for? Enrol in an online learning platform today and start balancing your studies and work like a pro. 

Author’s Bio: Alley John is an expert essay writer who is actively associated with Here, he offers essay assignment help to students. And when she is not writing, you will find her cooking her favourite dish.

Absorption Costing MCQs with Answers Explanation Engineering ECE

What Is Absorption Costing?

Absorption costing, also known as the all-encompassing, all-inclusive, or comprehensive costing method, is a sophisticated and perplexing managerial accounting framework that attempts to incorporate all expenses that are linked to the production of a particular product. This method is highly intricate and involves a copious amount of calculations and analyses to arrive at the total cost of production.

Every minuscule expense, whether direct or indirect, such as raw materials, labor, rent, utilities, depreciation, maintenance, insurance, and every other associated cost, is taken into account to determine the total cost of the product. The complexity of this method is staggering, and it requires extensive knowledge of accounting principles, an understanding of manufacturing processes, and advanced analytical skills to execute.

However, despite its complexity, absorption costing is still widely used in the industry due to its comprehensive approach to providing an accurate picture of the cost of production. Moreover, under the generally accepted accounting principles (GAAP) in the United States, absorption costing is an approved method for external reporting. In contrast, variable costing is prohibited, adding to the confusion and perplexity surrounding this topic.

Which of the following costs would NOT be included in the cost of goods sold calculation under absorption costing?

a) Direct materials
b) Direct labor
c) Variable manufacturing overhead
d) Fixed manufacturing overhead
Answer: c) Variable manufacturing overhead

Explanation: Under absorption costing, both fixed and variable manufacturing overhead costs are included in the cost of goods sold calculation. Direct materials and direct labor costs are also included.

When production exceeds sales, absorption costing will result in:

a) Higher net income than variable costing
b) Lower net income than variable costing
c) The same net income as variable costing
d) None of the above
Answer: a) Higher net income than variable costing

Explanation: When production exceeds sales, there will be more fixed manufacturing overhead costs that are absorbed into the cost of goods sold calculation under absorption costing. This results in a higher net income compared to variable costing, which only includes variable manufacturing costs in the cost of goods sold calculation.

Which of the following statements is true about absorption costing?

a) It is used for external reporting purposes
b) It is used for internal decision-making purposes
c) It is the same as variable costing
d) None of the above
Answer: a) It is used for external reporting purposes

Explanation: Absorption costing is required for external financial reporting purposes, such as on the income statement and in financial statements. Variable costing, on the other hand, is often used for internal decision-making purposes.

In a period of increasing production and sales, absorption costing will result in:

a) Higher net income than variable costing
b) Lower net income than variable costing
c) The same net income as variable costing
d) None of the above
Answer: c) The same net income as variable costing

Explanation: When production and sales increase, absorption costing and variable costing will result in the same net income. This is because there will be fewer fixed manufacturing overhead costs per unit under absorption costing, but there will also be more units sold.