Portfolio Investment Means the

question 95

Multiple Choice

Portfolio investment means the

• A) purchase of all shares of multiple companies in another country.
• B) purchase of less than 50 percent of the shares of ownership in a company in another country.
• C) purchase of more than 80 percent of the shares of ownership in a company in another country.
• D) purchase of less than 10 percent of the shares of ownership in a company in another country.

---

Definitions:

Direct Labor Budget

An estimate of the total labor cost and time required for the production process over a specific period.

Direct Labor-Hours

The total hours worked by employees who are directly involved in the manufacturing or production process.

Budgeted Costs

Estimated costs for a future period, used for planning and control purposes in budgeting process.

Beginning Inventory

The value of goods available for sale or use at the start of an accounting period before any purchases or production are added.