Some Argue That Globalization Will Have a Negative Impact Because

question 19

Multiple Choice

Some argue that globalization will have a negative impact because _____________

• A)it allows multinational corporations to attain greater power over global trade
• B)governments will gain more power in regulating trade
• C)it will decentralize control of power to many stakeholders
• D)citizens will gain more economic power
• E)it entails weakened central power as a result of homogenization

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Definitions:

Actual Costs

The expenses that a company has truly incurred as opposed to estimated or budgeted amounts.

Standard Costs

Predetermined costs for products or services, used as a benchmark to measure actual performance and manage budgets.

Direct Materials

Raw materials that can be directly attributed to the production of specific goods or products, unlike indirect materials which cannot be directly linked to production.

Price Variance

The difference between the actual price paid for a good or service and its expected (budgeted) price.