Factor Mobility Aids in Economic Development When

question 64

Multiple Choice

Factor mobility aids in economic development when

• A)A region suffers a natural disaster such as an earthquake or tornado.
• B)A technological advance causes some firms to go out of business.
• C)There is an increase in both outsourcing and insourcing.
• D)All of the choices are correct.

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Definitions:

Continuity Assumption

A fundamental accounting principle assuming that a business will continue to operate indefinitely, maintaining its financial and operational policies without the intention or necessity of liquidation.

Foreseeable Future

A term used in planning and forecasting to describe the time period over which future events can be reliably predicted.

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and regulators.

Transactions

The act of conducting business such as buying, selling, or exchanging goods, services, or financial instruments, recorded in the financial records of an entity.