Which of These Factors Is Not a Strong Indicator of Third

question 4

Multiple Choice

Which of these factors is not a strong indicator of Third World status?

• A) Basic raw materials comprise the bulk of gross national product.
• B) Foreign capital controls much of the domestic economy.
• C) Dictators of one kind or another are always in power.
• D) Third World countries remain heavily dependent on the more developed countries.
• E) Most workers lack both skills and an advanced education.

Understand the processes and advantages of materials requirement planning (MRP) systems in inventory management.

Recognize the importance of supplier selection based on quality, price, dependability, and services.

Acknowledge the significance of inventory management systems, including just-in-time (JIT) systems, in reducing waste and enhancing efficiency.

Understand the strategic decision-making process involved in purchasing, leasing, and negotiating with suppliers.

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Definitions:

Cash Balance

The amount of cash a company has on hand at any given time, which includes currency, coins, and balances in checking and savings accounts.

Market Rate of Return

The average return that investors expect to earn from a particular investment, based on historical or anticipated performance.

Trading Costs

Trading costs are the expenses incurred in buying and selling financial instruments, including commissions, spreads, and slippage.

Lockbox System

A service provided by banks to companies for the collection of payments from customers, where the payments are sent directly to a post office box to expedite processing.