The "New Dependency" That Dos Santos Speaks of Involves The

question 89

Multiple Choice

The "new dependency" that Dos Santos speaks of involves the:

• A) colonization of precapitalist regions by the most advanced Western countries
• B) heavy investment of big capitalists in the world's most backward regions for the purpose of extracting raw materials
• C) extensive transnational investment in underdeveloped nations
• D) increasing indebtedness of the underdeveloped nations to core banks and other Western financial institutions

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Definitions:

Perpetual

An inventory system in which the inventory records are updated continuously to reflect purchases, sales, and inventory on hand in real time.

LIFO Method

An inventory costing method where the last items of inventory purchased are the first ones sold, used to calculate cost of goods sold and ending inventory.

Inventory Ledger

A detailed record that tracks the quantities and costs of all types of inventory a company has in stock during a specific period.

Weighted-Average Method

Valuing of inventory where each item is assigned the same unit cost. This unit cost is found by dividing the cost of goods available for sale by the total number of units for sale.