Which of the following best describes business globalization?
A) Businesses whose suppliers are located overseas
B) Businesses selling their products worldwide
C) Businesses moving manufacturing overseas
D) All of the above.
Answer: B) Businesses selling their products worldwide
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Answer the following statements true (T) or false (F)
1) When a company uses the perpetual inventory system, there is no need to conduct a physical count of inventory. 2) The Merchandise Inventory account should stay current at all times in a perpetual inventory system. 3) In a perpetual inventory system, the entry that adjusts the Merchandise Inventory account based on the physical count equals the merchandise inventory balance before adjustment less actual merchandise inventory on hand. 4) The entry to record inventory shrinkage includes a debit to the Merchandise Inventory account. Assume a perpetual inventory system is used. 5) If a physical count of inventory indicates that the Merchandise Inventory account is overstated, an adjusting entry is required to record the difference. Assume a perpetual inventory system is used.
The _____ of a specific raw material is the optimal quantity that allows a business to minimize overstocking and save cost, without risking understocking and missing production deadlines.
A. targeted market list (TML) B. bill of materials (BOM) C. economic order quantity (EOQ) D. convenient order quantity (COQ)
Which one of the following management techniques is likely to best offset the risk of long-run exposure to payables denominated in a particular foreign currency?
A) Borrow money in the foreign currency in question. B) Lend money in the foreign currency in question. C) Rely on the Federal Reserve Board to enact monetary policy favorable to your exposure risk. D) none of the above
Preparing people for promotion or retirement relates to rites of
A. passage. B. inclusion. C. enhancement. D. acceptance. E. integration.