Which of the Following Statements Is True of Global Competitiveness

question 71

Multiple Choice

Which of the following statements is true of global competitiveness?

• A) Globally, there is a decline in the supply of specialized skilled and technical workers signaling a worldwide crisis in education.
• B) For U.S. employers, the challenge related to training a globally competitive workforce has increased because of the decline in specialized skilled and technical workers.
• C) Despite its shortcomings, the U.S. educational system is generating an increasing supply of specialized skilled and technical workers.
• D) Companies that send their employees abroad should focus more on skills and technical capabilities training rather than wasting their time in preparing them for the host country's culture.

Recognize the process and importance of participating in a democratic government.

Learn the steps of the writing process in the correct order.

Assess the role of individual responsibility in the context of democratic participation and governance.

Understand different negotiation strategies and their applications.

---

Definitions:

Days' Sales Uncollected

A financial ratio indicating the average number of days it takes for a company to collect revenue after a sale has been made.

Accounts Receivable

Money owed to a company by its customers from sales or services on credit that is expected to be paid within a short duration, usually one year.

Inventory Turnover Ratio

A financial metric that measures how many times a company has sold and replaced its inventory over a specific period.

Cost of Goods Sold

The immediate financial obligations related to manufacturing goods sold by a company, involving workforce and materials.