The Costs for Firms Operating on a Global Scale Have

question 59

Multiple Choice

The costs for firms operating on a global scale have been drastically reduced by

• A) networking technology.
• B) investments in organizational complementary assets.
• C) the Internet.
• D) the rise of digital content.

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Definitions:

Semiannually

Happening biannually or once every six months.

Ending Inventory

The total value of all the goods remaining unsold at the end of an accounting period.

Cost of Goods Sold

Costs directly connected with the manufacture of goods a company sells, including both materials and workforce expenses.

Beginning Inventory

The value of all the inventory held by a business at the start of an accounting period.