Which of the Following Was a Consequence of Rapid Globalization

question 9

Multiple Choice

Which of the following was a consequence of rapid globalization in the 1990s and 2000s?

• A) It led to the historically accurate view that globalization is ancient.
• B) It caused some factions in emerging economies to complain against the onslaught of multinational enterprises (MNEs).
• C) It was widely accepted by developed countries as a way of increasing the number of jobs.
• D) It helped nurture local companies in emerging economies and also preserve their cultures and values.

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Definitions:

Fixed Manufacturing Overhead

Costs related to manufacturing that do not change with the level of production, such as factory rent and salaries of supervisory personnel.

Budget Variances

The differences between budgeted amounts and actual amounts.

Machine-Hours

An allocation base in cost accounting used to assign costs to products or services, based on the hours of machine operation required.

Fixed Manufacturing Overhead

Consists of manufacturing costs that do not change with the level of production, such as salaries of supervisors and rent for factory premises.