Which of the Following Statements Is True of the Rapid

question 50

Multiple Choice

Which of the following statements is true of the rapid globalization in the 1990s and the 2000s?

• A) It suggested that barriers to market integration at borders are high.
• B) It led to the historically accurate view that globalization is new.
• C) It created fear among many people in developed economies that they would lose jobs.
• D) It decreased the foreign direct investment (FDI)inflows and outflows.

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Definitions:

Just-In-Time Manufacturing

A production method aimed at reducing inventory costs by receiving goods only as they are needed in the production process.

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.

Produces

Engages in the act of making, manufacturing, or creating goods and services for sale or distribution.

Cost of Goods Manufactured

The total production cost of goods completed and transferred out of the work-in-progress inventory during a specific period.