What Is Brain Drain

question 9

Multiple Choice

What is brain drain?

• A) The common name given to an illness caused by exposure to toxic residues from petroleum refining that results in short-term memory loss.
• B) This occurs when highly centralized governments actively recruit the best and the brightest individuals for jobs in the national capital, leaving few behind in the villages.
• C) This occurs when bright young people migrate to foreign lands in search of better jobs.
• D) This is a rock group from the United Arab Emirates.
• E) The common name given to the practice of providing scholarships to students in North Africa/Southwest Asia, which enables them to study abroad and gain a better education than that available in their home region. These scholars later return to share their new-found knowledge with their own students.

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Definitions:

Ending Inventory

The total value of all inventory a company has in stock at the end of an accounting period, which is used to calculate the cost of goods sold.

Operating Expenses

The costs associated with running the day-to-day operations of a business, excluding the cost of goods sold.

Gross Profit

The difference between revenue and the cost of goods sold, indicating how efficiently a company produces goods or services.

Cost of Goods Sold

Represents the direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the product.