Which of the Following Is True of Globalization

question 107

Multiple Choice

Which of the following is true of globalization?

• A)The pace of change is slowing down.
• B)Only large companies are affected by globalization.
• C)Globalization is decreasing competition among companies.
• D)A company's talent can come from anywhere.
• E)The global marketplace is stable and unchanging.

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Definitions:

Indirect Labour Cost

Expenses related to employees that cannot be directly traced to specific products or services, such as maintenance staff or supervisors.

Machine Hour

A unit of measure representing the operation of a machine for one hour, used in costing and budgeting for manufacturing.

Fixed Overhead Volume Variance

The difference between the budgeted fixed overhead costs and the fixed overhead costs actually allocated to produced goods, based on standard activity levels.

Overapplied

In cost accounting, refers to a situation where the allocated manufacturing overhead is more than the actual overhead incurred.