The New Global Corporation Might Be Based in the United

question 11

True/False

The new global corporation might be based in the United States but do its software programming in Sri Lanka,its engineering in Germany,and its manufacturing in China.

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Definitions:

Redistributing Income

The transfer of income from certain individuals or groups to others through mechanisms like taxation, social security, and welfare programs, aiming at reducing income inequality.

Tradeoff

An exchange where one quality or aspect must be given up in order to gain another quality or aspect.

Efficiency

The optimal allocation of resources to maximize the production of goods and services or the achievement of a given objective with the least amount of waste.

Equality

Having parity in terms of opportunities, rights, and social status.