Advances in Communication Technology and the Decline in _____________ Have

question 30

Multiple Choice

Advances in communication technology and the decline in _____________ have made global products more attractive by making it possible to establish multinational teams consisting of individuals who are physically apart.

• A) raw materials costs
• B) terrorism
• C) travel costs
• D) labor costs

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Definitions:

Cost Factor

A multiplier or rate that helps in estimating the cost of a project, task, or operation based on certain parameters or variables.

Cash Discount

A reduction in the invoice price offered to buyers as an incentive for early payment.

Probability of Nonpayment

The likelihood or risk that a borrower will not fulfill their debt obligations on time or in full, often assessed in credit risk analysis.

Revenue

The total income generated by a company from its business activities, before any expenses are subtracted.