In the Last Few Years, There Has Been Increasing Competition

question 41

Multiple Choice

In the last few years, there has been increasing competition from Chinese smartphone makers. Some Chinese-made smartphones are sold at prices well below those made by competitors Apple and Samsung, in part due to low labour costs. For US-based Apple, the increase of Chinese smartphone manufacturers will likely have an impact on all of the following type of factors EXCEPT which one?

• A) economic
• B) technology
• C) social
• D) competitive

Recognize when an appeal to emotion (pity) is irrelevant to an argument.

Understand the importance of precise language to avoid verbal disputes.

Identify and understand the fallacy of amphiboly.

Assess the difference between correlation and causation.

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Definitions:

General Ledger

The comprehensive set of accounts that shows all transactions of a business, serving as the main accounting record.

Accumulating Manufacturing Costs

The process of collecting and categorizing all costs involved in producing goods.

Raw Materials

Basic materials and substances used in the initial stages of production to create finished goods.

Job Order Cost System

An accounting system that assigns costs to specific production batches or jobs, useful for companies producing unique or custom products.