The Only Way Workers in Industrialized Countries Can Compete with Their

question 15

Multiple Choice

The only way workers in industrialized countries can compete with their counterparts in the developing world will be through:

• A) increased use of the cost leadership strategy.
• B) increased diversity within the organization.
• C) increased empowerment of employees.
• D) increased productivity by using technologically-intensive manufacturing technologies.
• E) increased flat organization structure.

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Definitions:

Salaries Payable

The amount of salary expenses that have been incurred by a company but have not yet been paid to employees, classified as a liability.

Operating Activities

Day-to-day actions that relate to producing and delivering a company’s products and services, forming the primary source of revenue.

Future Cash Flows

Future cash flows refer to the estimated monetary inflows and outflows a company expects to receive or pay out in the future, playing a critical role in financial planning and analysis.

Operating Activities

Operating activities refer to the day-to-day functions of a business involved in producing and selling its goods or services, which are reflected in its cash flow.