What Impacts Has China and Its Citizens Experienced from the Explosive

question 22

Multiple Choice

What impacts has China and its citizens experienced from the explosive emergence of its export processing zones?

• A) economic growth for the country, middle- to high-skill employment opportunities for young rural people, and arduous factory conditions
• B) incredible economic growth for the country, low-skill employment opportunities for young rural people, and arduous factory conditions
• C) massive political shifts in the country, low- to high-skill employment opportunities for young urban people, and vast improvements in factory conditions
• D) political unrest and riots protesting unfair factory conditions, formation of unions to protect the factory workers, and low-skill employment opportunities for young urban people

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Definitions:

Current Assets

Assets that a company expects to convert into cash, sell, or use up within one year or within its operating cycle if longer than a year.

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous period.

Accrued Liabilities

Liabilities that have been incurred but not yet paid or recorded at the end of the accounting period.

Accrued Receivables

Amounts owed to a business for goods or services delivered but not yet paid by the end of an accounting period.