The Concept of Flexible Accumulation Describes an Overall Strategy of Multinational

question 42

Multiple Choice

The concept of flexible accumulation describes an overall strategy of multinational corporations to increase profitability. What is one of the keys to the success of this strategy?

• A) offshoring
• B) local transportation systems
• C) a high-cost labor force
• D) increasingly expensive manufacturing techniques

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Definitions:

Medical Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured, offering protection against high healthcare costs.

Vesting Rights

Guarantee that when employees become participants in a pension plan and work a specified number of years, they will receive a pension at retirement age, regardless of whether they remained with the employer.

Pension Plan

A pension plan is a retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit. The funds are invested on the employee's behalf, and the earnings on the investments generate income to the worker upon retirement.

Retirement Age

The age at which a person is eligible to retire and receive full pension benefits, typically set by government policies or employment agreements.