Which of the Following Statements Is True of Global Competitiveness

question 71

Multiple Choice

Which of the following statements is true of global competitiveness?

• A) Globally, there is a decline in the supply of specialized skilled and technical workers signaling a worldwide crisis in education.
• B) For U.S. employers, the challenge related to training a globally competitive workforce has increased because of the decline in specialized skilled and technical workers.
• C) Despite its shortcomings, the U.S. educational system is generating an increasing supply of specialized skilled and technical workers.
• D) Companies that send their employees abroad should focus more on skills and technical capabilities training rather than wasting their time in preparing them for the host country's culture.

---

Definitions:

Variable Overhead

encompasses the costs of production that vary with the level of output, such as utilities and materials, as opposed to fixed overheads.

Direct Labour Hours

The total hours worked by employees directly involved in the manufacturing process of a product.

Static Budget

A budget based on a fixed set of assumptions that don't change over the period it covers, regardless of actual changes in volume or activity levels.

Standard Costing

Standard Costing is a cost accounting method that uses fixed overhead rates and standard costs for materials and labor to help control costs and measure performance.