Match the Following: -Globalization

question 14

Multiple Choice

Match the following:
-Globalization

• A)A cultural orientation in which individuals belong to tightly knit social frameworks.
• B)The concept of borderless marketplace.
• C)The locus and distribution of power within the organization.
• D)A business firm that operates in numerous countries and employs a multicultural workforce.
• E)An American business official who works for a U.S.subsidiary in Spain.

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Definitions:

Activity-Based Costing

A costing method that allocates overhead and indirect costs to specific activities, providing more accurate product costing.

Direct Labor Rate

The cost of the work done by those employees who directly manufacture the products, usually measured per hour.

Direct Materials Cost

The expense associated with acquiring raw materials that are directly utilized in the manufacture of goods.

Traditional Costing

Traditional costing is an accounting method that allocates manufacturing overhead based on volume-related measures, such as direct labor hours or machine hours.