World Cities Are Most Closely Integrated into the Global Economic

question 72

Multiple Choice

World cities are most closely integrated into the global economic system because they are:

• A) at the center of the flow of information and capital
• B) in control of the flow of labor and technology
• C) contributing money to local, regional, and national candidates for elective office
• D) at the heart of the supply chain and they make sure goods move freely
• E) integral to the growth and success of white collar crime

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Definitions:

Avoidable Fixed Costs

Costs that can be eliminated if a particular business segment or operation is discontinued.

Joint Products

Two or more products that are generated from a common set of inputs through a single manufacturing process.

Scrap Value

Scrap value is the estimated residual value of an asset at the end of its useful life, often considered when calculating depreciation.

Financial Advantage

The benefit obtained in financial terms, which can be through gains in revenues, reductions in costs, or improved profitability.