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:

Flexible Budget

A budget that adjusts or flexes with changes in the volume or activity level.

Static Planning Budget

A budget based on a fixed level of activity and does not change in response to variations in the actual level of activity.

Activity Variances

The differences between planned or standard costs of activities and the actual costs incurred, useful for management in budgeting and performance evaluation.

Patient-visits

Refers to the total number of times patients see a healthcare provider or visit a healthcare facility for services.