Japan's Comparative Advantage in Automobiles Can Be Attributed To

question 112

Multiple Choice

Japan's comparative advantage in automobiles can be attributed to:

• A)climate.
• B)factor endowments.
• C)technology.
• D)exchange rates.

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Definitions:

Assembly Department

A sector within a manufacturing facility where individual components are assembled into final products.

Predetermined Overhead Rate

A rate used to allocate overhead costs to products or job orders, calculated before the start of a period based on estimated costs and activity levels.

Direct Labor-Hours

The total hours worked by employees that are directly involved in the production process, used as a basis for allocating labor costs to products.

Forming Department

A section within a manufacturing facility where materials are shaped or formed into parts or products.