World Cities Are Most Closely Integrated into the Global Economic

question 52

Multiple Choice

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

• A) are at the center of the flow of information and capital.
• B) control the flow of labor and technology.
• C) contribute money to local, regional and national candidates for elective officers.
• D) are at the heart of the supply chain and make sure goods move freely.
• E) are integral to the functioning of democracy.

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Definitions:

Direct Materials Price Variances

The difference between the actual cost of direct materials and the standard cost, used to measure cost management efficiency.

Quantity Variances

Differences between the expected and the actual amount of materials, labor, or overhead used in production.

Standard Costs

Predetermined costs to manufacture a single unit or a number of units of a product during a specific period.

Direct Materials Used

Raw materials directly utilized in the production of goods, traceable to the finished product.