According to Dependency Theory,poor Countries Have Become Dependent on Rich

question 14

Multiple Choice

According to dependency theory,poor countries have become dependent on rich nations because

• A)they sell raw materials to rich nations.
• B)rich countries bring tourism dollars.
• C)rich nations buy their manufactured goods.
• D)rich nations have brought them economic affluence.

---

Definitions:

Target Cost

A pricing strategy that involves determining the desired cost for a product in order to meet a specified profit margin by working backwards from a competitive market price.

Job Costing

A cost accounting method used to track the costs associated with producing individual jobs, allowing businesses to estimate profitability on a per-job basis.

Direct Costs

Expenses that can be directly attributed to the production of specific goods or services, such as raw materials and labor.

Job Cost Sheet

A record or document used in job order costing that summaries the costs associated with a particular job, including materials, labor, and overhead.