Export-Processing Zones Are Industrial Areas That Attract Foreign Investors by Doing

question 57

Multiple Choice

Export-processing zones are industrial areas that attract foreign investors by doing which of the following?

• A) Exporting financial and legal services
• B) Exporting raw materials
• C) Importing raw materials and exporting finished products
• D) Importing products and services
• E) All of the above

---

Definitions:

Direct Materials Price Variance

The difference between the actual cost of direct materials and the expected cost at standard prices.

Actual Price

The price at which goods or services are sold, reflecting current market conditions.

Standard Price

A predetermined cost serving as a benchmark for the valuation of goods and services in accounting and budgeting.

Unfavorable Cost Variance

A situation where actual costs exceed standard or planned costs, indicating inefficiencies or increased expense.