Increasingly,emerging Economies Are

question 44

Multiple Choice

Increasingly,emerging economies are

• A) innovative and technologically advanced.
• B) sources of inexpensive labor.
• C) largely agricultural.
• D) simply copying the technologies used in more advanced economies.
• E) being left behind in the global economy.

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Definitions:

Cash Receipts

The collection of money, including currency, checks, and electronic transfers, by a business.

Sales Budget

An estimate of future sales, often detailed in terms of volume and revenue, used for planning and controlling a business's operations.

Cash Collections

The process of gathering all cash received from sales, receivables, and other sources during a given period.

Direct Materials

Basic substances used explicitly in the manufacturing of certain products or services.