Examlex
A cost variance is unfavorable if standard cost exceeds actual cost.
Postcolonial Countries
Nations that gained independence after being colonized, continuing to face challenges related to identity, development, and legacy issues.
Foreign Investments
Investments made by individuals, companies, or governments in business interests located in another country, outside of the investor's own country.
Globalization
The process by which businesses, cultural concepts, or technologies spread worldwide, leading to increased interconnectedness and interdependence among the world's economies, cultures, and populations.
McDonaldization
A concept that describes the process by which principles of the fast-food industry, like efficiency, predictability, and control, dominate other sectors of society.
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