The Import of Apple IPads Assembled in Shanghai at a $295

question 21

Multiple Choice

The import of Apple iPads assembled in Shanghai at a $295 wholesale price ($213 cost and $82 profit margin) adds more than it should to the U.S.trade deficit with China because

• A) Chinese assembly labor represents only 47 % of the wholesale cost
• B) the iPad's popularity has triggered an enormous number of unit sales
• C) wholesale prices only count in the trade statistics if final product prices are higher
• D) as with foreign-assembled minivans,most of the subassembly components come from the U.S.
• E) the Chinese yuan is a managed currency

Understand the different audiences for written communication in a professional setting.

Recognize the importance of clear and error-free communication in professional settings.

Understand the importance of appropriate documentation in business communication.

Recognize the impact of communication technology in business and the evolving role of electronic communications.

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Definitions:

George W. Bush

The 43rd President of the United States, serving from 2001 to 2009, known for leading the nation during the 9/11 attacks and initiating the Iraq War.

Osama Bin Laden

A Saudi Arabian-born militant who founded the international terrorist organization al-Qaeda, known for orchestrating the September 11, 2001, attacks on the United States.

Prescription Drug Plan

A health insurance plan or coverage that specifically provides benefits for medication prescribed by healthcare professionals.