How Did a Great Expansion of Globalization in the Late

question 66

Multiple Choice

How did a great expansion of globalization in the late 1990s increase productivity?

• A) Businesses learned how to use foreign suppliers to cut costs.
• B) Businesses learned how to use computers to produce more output with fewer workers.
• C) Businesses began sending workers overseas for more training.
• D) Businesses were able to sell in larger markets as tariffs and import quotas were reduced.

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Definitions:

Efficiency Variances

The differences between actual performance in terms of time or cost and the standard expected performance.

Cost Information

Refers to data related to the amount of money required to produce goods or services, including production, maintenance, and other associated expenses.

Favorable

A term that indicates a positive variance or outcome, especially in the context of budgeting and financial analysis.

Unfavorable

A term often used in budgeting and financial analysis to describe results that are worse than expected or budgeted figures.