Offshoring Refers to

question 37

Multiple Choice

Offshoring refers to

• A)the merging of 2 or more corporations.
• B)the exportation of jobs.
• C)decreased profit margins of corporations.
• D)cuts in employees' salaries and/or benefits.

Appreciate the effects of globalization, including neoliberal policies, on inequality and economic development.

Comprehend the historical and current impacts of colonization and how past colonial relationships influence present economic conditions.

Understand the relationship between technological innovation, globalization, and economic growth.

Evaluate the theories of economic development, including modernization theory, dependency theory, and the world-systems perspective.

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Definitions:

Closing Entry

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to a permanent equity account, thereby preparing the books for the next period.

Correct Closing Entry

Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts, thus preparing the books for the next period.

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Inventory of Supplies

The total value of supplies held by a company that are yet to be used in production or sold.