Due to the Upward Migration in the Strategic Role of Foreign

question 88

Multiple Choice

Due to the upward migration in the strategic role of foreign production sites,they are now viewed as:

• A) centers that do not generate valuable knowledge.
• B) globally dispersed centers of excellence.
• C) liabilities that add to the cost structure of the company.
• D) sweatshops where unskilled labor churns out low-cost goods.
• E) low quality manufacturing centers.

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Definitions:

Retrospectively

Looking back at past events or situations, often to reevaluate or analyze them with current knowledge.

Prospectively

Referring to or dealing with events in the future, often in the context of financial planning or forecasting.

Extraordinary Gain

A gain that arises from events or transactions that are distinct and infrequent in nature, not expected to recur regularly.

Provision For Inventories

An accounting practice where a reserve is made for potential decreases in the value of a company’s inventory.