Two of the Most Powerful Globalization Drivers Involve Avoiding Cost

question 40

True/False

Two of the most powerful globalization drivers involve avoiding cost inefficiencies and duplication of effort.

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Definitions:

Finished Goods Inventory

The stock of completed products that are ready to be sold but have not yet been sold.

Direct Labor

The wages and other compensation paid to workers who are directly involved in the production of goods or services.

Cash Collections

The process and sum of money received from business activities, such as sales or debt repayments, during a specific period.

Direct Labor Budget

A financial plan that estimates the cost of direct labor required to meet the production needs of a company over a specific period.