As a Result of Globalization,the Number of U

question 22

Multiple Choice

As a result of globalization,the number of U.S.manufacturing jobs has ________.

• A) increased slightly
• B) decreased sharply
• C) increased sharply
• D) decreased slightly

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Definitions:

Work in Process

Partially finished goods or goods in the process of being produced in a manufacturing setting.

Manufacturing Costs

The total expense involved in the process of producing goods, including raw materials, labor, and overhead costs.

Raw Materials Used

Raw materials used refer to the basic substances consumed in the production process to create goods and products.

Beginning Raw Materials Inventory

Refers to the value of raw materials on hand at the start of a financial or production period.