Your Text Notes That Global Markets Are the Result of Several

question 15

Multiple Choice

Your text notes that global markets are the result of several fundamental changes.Which of the following is not one of those changes?

• A) reductions or eliminations of trade barriers by governments
• B) decreasing concerns of distance and time with regard to moving products across countries
• C) declining fuel costs allowing cost-effective shipping to global markets
• D) the standardization of laws across borders
• E) globally integrated production processes

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Definitions:

Direct Labor Wage

The remuneration paid to employees who are directly involved in the production of goods or the provision of services.

Budgeted Cash Balance

An estimated amount of cash a company expects to have on hand at the end of a specified period, based on anticipated inflows and outflows.

Cash Receipts

Cash receipts are the collection of money, including currency, checks, and electronic transfers, received by a business.

Cash Disbursements

Payments a company makes in cash, covering operational expenses, purchases, or investments.