Technology Transfer

question 39

Multiple Choice

Technology transfer

• A)is not encouraged by low-income countries.
• B)is not beneficial to high-income countries.
• C)is a consequence of direct investment.
• D)is a consequence of all foreign investment.

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Definitions:

Fixed Inspection Cost

A cost that remains constant for a specific period regardless of the level of goods produced or inspected.

Machine-Hours

Machine-hours are a measure of the amount of time a machine is operated, used in manufacturing to allocate costs to products.

Relevant Range

It refers to the span of activity within which the assumptions about fixed and variable cost behaviors hold true.

Contribution Margin

The amount of revenue left after deducting all variable costs associated with producing and selling a product, indicating how much contributes towards covering fixed costs and generating profits.