Oscar Works at a Factory in China That Manufactures Shoelaces

question 91

Multiple Choice

Oscar works at a factory in China that manufactures shoelaces for a high-profile North American athletic shoe company.What is Oscar is part of?

• A) the global commodity chain
• B) McDonaldization
• C) transnational commodification
• D) homogenization

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Definitions:

Equipment

Tangible, long-term assets used in the operation of a business to produce goods or provide services, usually subject to depreciation over their useful lives.

Cash Flow

The net amount of cash and cash-equivalents being transferred into and out of a business.

Operating Activities

Activities that relate to the primary, day-to-day operations of a business, such as selling products or providing services.

Prepaid Expenses

Assets on the balance sheet representing services or goods paid for upfront but not yet consumed.