Why Is Northern Mexico Used as a Cluster for Electronics

question 42

Multiple Choice

Why is Northern Mexico used as a cluster for electronics firms?

• A)high traffic flows
• B)venture capitalists located nearby
• C)natural resources of land and climate
• D)NAFTA
• E)high per capita GDP

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Definitions:

Equivalent Unit

A concept used in cost accounting to represent a portion of work done on a product, quantified in terms of fully completed units.

First-In, First-Out

An accounting method where the first items added to inventory are the first ones to be sold or removed, particularly relevant for cost calculation.

Equivalent Units

A concept used in process costing that represents the portion of finished units that would have been completed given the work done on incomplete units.

First-In, First-Out

An inventory valuation method that assumes goods or materials purchased first are sold or used first.