Countries That Are Exploited for Their Cheap Labor and Raw

question 35

Multiple Choice

Countries that are exploited for their cheap labor and raw materials by wealthy countries are referred to as ______.

• A)peripheral countries
• B)core countries
• C)semiperipheral countries
• D)modernizing countries

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Definitions:

Cash Receipts

The collection of money, either in the form of cash or checks, received by a business during its operations.

Receivables Period

The median days a company waits to receive money owed by customers for goods or services delivered on credit.

Payables Period

The payables period is a financial metric that indicates the average time it takes for a company to pay its suppliers and vendors.

Accounts Payable Balance

The total amount of money a company owes to its suppliers or vendors for products and services purchased on credit.