Which of the Following Is One of the Major Events

question 107

Multiple Choice

Which of the following is one of the major events that account for the vigorous economic growth of the ASEAN countries and their transformation from cheap-labor havens to industrialized nations?

• A) The decision to shift their economies from manufacturing based to commodity based.
• B) North Koreas' emergence as a major provider of technology and capital necessary to upgrade manufacturing capability.
• C) A bilateral trade agreement between the United States and Vietnam leading to the granting of NTR status to Vietnam.
• D) Hong Kong becoming a special administrative region (SAR) of the People's Republic of China.
• E) The ASEAN governments' commitment to deregulation, liberalization, and privatization of their economies.

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Definitions:

Total Manufacturing Costs

The aggregate cost of direct material, direct labor, and manufacturing overhead incurred in producing goods.

Operating Expenses

Operating expenses consist of the costs related to a company's primary operational activities, excluding costs associated with manufacturing or production.

Factory Utilities

Expenses related to services like electricity, water, and gas utilized in the manufacturing process.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a specific product and included in its cost.