What Do Global Value Chains Organize

question 48

Multiple Choice

What do global value chains organize?

• A) consumption
• B) government expenditures
• C) investment
• D) production

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Definitions:

Direct Labor-Hours

The number of labor hours spent directly on the production of goods or services.

Direct Materials

Raw materials that can be directly traced to the production of specific goods or services and are a significant portion of production costs.

Variable Overhead

Costs that fluctuate with the level of production output, including expenses like utilities and raw materials.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a specific product.