Dependency Theory Is Best Defined As

question 54

Multiple Choice

Dependency theory is best defined as:

• A) a term used to suggest that poor countries are poor as a result of their relationship to an unbalanced global economic system.
• B) a theory that predicts that former colonies would progress along the same lines as the industrialized nations.
• C) a strategy by which wealthy nations would spur global economic growth by alleviating poverty by investing in former colonies.
• D) a critique that argued that despite the end of colonialism, the underlying economic relations in the global economy had not changed.
• E) a continued pattern of unequal economic relations despite the formal end of colonial political and military control.

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Definitions:

Inventory Turnover

A metric demonstrating the rate at which a business's inventory is sold and restocked over a designated span.

Cost Of Goods Sold

Cost of Goods Sold (COGS) represents the direct costs attributable to the production of the goods sold by a company, including materials and labor costs.

Receivables Turnover

A financial metric that measures how efficiently a company collects cash from its customers by dividing net credit sales by average accounts receivable.

Collection Period

The average number of days it takes for a business to receive payments from its customers after a sale has been made.