Which of the following has been an unexpected effect of offshoring?
A. Wages in the foreign countries rise, reducing the expected cost savings.
B. It helps reduce wage stagnation of workers in the home country.
C. Energy costs for the company rise, increasing the benefits of offshoring.
D. It has reversed the trend of increased automation.
E. Companies that use offshoring find that their travel costs decrease.
Answer: A
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A. intuitive approaches B. heuristic approaches C. forecasting techniques D. deterministic modeling
Kaizen costing helps to
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Sirhan is president of a medium-sized bank. What can he do to lessen the chances of employees or board members taking part in insider trading?
A. Work with analysts and customer-facing employees to root out information asymmetry. B. Forbid managers and executives from having access to private information. C. Create a strict code of ethics and explain that inside traders will be fired. D. Forbid board members from having access to private information.
Preston, a luthier, used to own a workshop in the 1750s where he produced handmade musical instruments of high quality. However, due to technological advances, musical instruments started being mass-produced in factories, and Preston's business began to decline. Given this information, it can be assumed that Preston belonged to the _____.
A. relationship era B. production era C. digital revolution era D. industrial revolution era