Dependencia Theory Holds That ________

question 61

Multiple Choice

Dependencia theory holds that ________.

• A)countries should seek to diversify their economies
• B)low-income countries have practically no power in dealings with MNEs
• C)in a globalized world, no nation can be independent economically or politically
• D)there is a natural division of labor whereby developing countries depend on production using fairly unskilled labor and developed countries depend on highly educated workers

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Definitions:

Process Cost System

An accounting method used to track costs in manufacturing environments where products are indistinguishable from each other and produced in a continuous flow.

Custom Cabinet

A storage unit designed and built to meet the specific dimensions and style preferences of a customer.

Paper Mill

A factory that produces paper and paper products from raw materials such as wood pulp.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual units of production based on a certain activity base.