Match the Term with Its Definition

question 18

Essay

Match the term with its definition.Some terms may not be used.
a.Bill of lading
b.Born-global firms
c.Counterfeit activity
d.Economic risk
e.Economies of scale
f.Exchange rate
g.Letter of credit
h.Offshoring
i.Political risk
j.Royalties
-Efficiencies that result from expansion of production

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Definitions:

Total Cost

The sum of all expenses incurred in the production of goods or services, including fixed and variable costs.

Job Order Cost System

An accounting system that accumulates costs by individual jobs or batches rather than processes.

Manufacturing Overhead Applied

The portion of manufacturing overhead costs assigned to individual cost objects based on a predetermined rate or method.

Total Manufacturing Costs

The sum of all costs directly involved in the production of goods, including raw materials, labor, and overhead.