Which Statement Is an Example of a Global Trend

question 95

Multiple Choice

Which statement is an example of a global trend?

• A)The Federal Reserve announces that it will decrease the interest rate it charges banks.
• B)Congress passes legislation that increases the tax rates on corporations.
• C)A new computer chip is announced that will allow for miniaturization of many electronic devices.
• D)The E.U.declares an increase in tariffs on all agricultural goods.

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Definitions:

Merchandising Business

A business model that involves purchasing products at wholesale prices and selling them at retail prices to earn a profit.

Cost of Goods Sold

An accounting term that refers to the direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor.

Professional Service Firms

Businesses that provide specialized expertise or services to clients, such as consulting, accounting, law, and engineering services.

Chargeout Rates

The rate or price that businesses charge external clients for services or goods, typically used in professional sectors to bill hours worked.