Which Term Often Describes Low-Cost Foreign Labor

question 3

Multiple Choice

Which term often describes low-cost foreign labor?

• A)outsourcing
• B)post-Fordism
• C)globalization
• D)knowledge workers

---

Definitions:

Compounded Weekly

Refers to interest earned or paid that is calculated on a weekly basis, with each week's interest added to the principal amount.

Emergency Fund

A reserve of money set aside to cover unexpected expenses or financial emergencies.

Lump Sum

A single payment made at a particular time, as opposed to a series of smaller payments or installments.

Annual Payments

Annual payments are payments made once a year for various financial commitments such as loans, insurance policies, or rent, providing a means to manage large payment obligations over time.