Economic Development Has Two Consequences for MNEs

question 21

Multiple Choice

Economic development has two consequences for MNEs.They are ______________.

• A) Rising wages and trustworthy relationships with suppliers
• B) High living standards and low crime rates
• C) Higher production rates and the development of green technology
• D) Rising wages and high living standards

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Definitions:

Finished Goods Inventory

Finished products awaiting sale but still not purchased.

Overhead Rate

The ratio used to allocate indirect costs to products or services, based on a specific measure such as labor hours or machine hours.

Direct Hours

Hours worked directly on a specific task or product, often used in calculating labor costs in manufacturing.

Direct Materials

Raw materials that can be directly attributed to the production of a specific product or service.