Which of the Following Is an Adverse Consequence of Globalization

question 81

Multiple Choice

Which of the following is an adverse consequence of globalization?

• A) Nationalization of private sector holdings
• B) Lower and more competitive oil prices
• C) Reduced variety and quality of goods and services
• D) Worker exploitation and domestic job losses
• E) Provision of loans from the World Bank

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Definitions:

Sales Variance

Captures the effect of quantity sold holding the mix of products sold constant.

Overhead Variances

The difference between actual overhead costs incurred and the standard or budgeted overhead costs.

Variable Overhead

The indirect expenses that fluctuate with the level of production activity, such as utilities for the manufacturing plant.

Overhead Absorption Rate

Budgeted overhead divided by budgeted volume. Also called overhead application rate.