Which of the Following Would NOT Reflect Friedman's Notion of a Flat

question 57

Multiple Choice

Which of the following would NOT reflect Friedman's notion of a flat earth?

• A) the ability of financial capital and production to flow easily from one place to another
• B) the ability of financial capital to change locations to take advantage of technological innovation
• C) the ability of financial capital to change locations to take advantage of labor costs
• D) the ability of financial capital to develop new products that can be shipped and sold anywhere
• E) there are local differences in geographies that may encourage or inhibit the flow of ideas and goods around the globe

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Definitions:

Budgeted Sales

Refers to the expected amount of sales revenue a company plans to achieve during a specified period, often used for planning and performance evaluation purposes.

Beginning Inventory

The value of all goods held by a company for sale at the start of an accounting period, before any new inventory has been added or any sales have been made.

Ending Inventory

The cumulative worth of merchandise ready for sale when an accounting period concludes.

Direct Materials

Raw materials that can be directly attributed to the production of goods, forming an essential component of finished products.