__________ Is the Outsourcing of Work to a Less Expensive

question 188

Multiple Choice

__________ is the outsourcing of work to a less expensive labor supply in foreign countries.

• A) Globalization
• B) Downsizing
• C) Exporting
• D) Freighting

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Definitions:

First-In, First-Out

An inventory valuation method where goods produced or acquired first are sold or disposed of before newer inventory, reflecting the actual flow of goods.

Process Costing

A method of costing used in manufacturing where costs are assigned to batches or production runs, typically for similar products.

Equivalent Units

A concept used in cost accounting to convert partial units of production into a number of fully completed units.

Materials

Materials or ingredients utilized in the creation or fabrication of products.