Idle Time Gaming, Inc

question 301

Multiple Choice

Idle Time Gaming, Inc. needed silicon wafers that it knew could be massed produced efficiently by Silicon City, Inc., a start-up firm in India. The Indian company needed MSG (metallurgical grade silicon) in order to make the wafers which it knew it could get from a Chinese firm. The Chinese firm (mostly owned by the Chinese government) agreed to supply the silicon to the Indian company if it could get a certain quantity of gaming hardware from Idle Time. This beneficial exchange is described as:

• A)Beneficial contracting.
• B)Contract manufacturing.
• C)Third Party purchasing.
• D)Countertrading.

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Definitions:

National Income

The total value of all income earned within a country, including wages, rents, interest, and profits.

Flow Variable

A measure of something over an interval of time, such as your spending per week.

Point In Time

describes a specific moment or instance in the timeline.

Determined

A term describing a definite and firm decision or the resolution to follow a particular course of action.