According to the Text,when the Location of a Factory Is

question 34

Multiple Choice

According to the text,when the location of a factory is dictated by low production costs,fairly developed infrastructure and availability of skilled workers the factory is referred to as a(n) :

• A)​Offshore factory
• B)​Source factory
• C)​Server factory
• D)​Lead factory

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Definitions:

Discount Period

refers to the time frame in which a sales discount is available to a customer, encouraging prompt payment.

Perpetual Inventory Method

An accounting approach that records inventory purchases and sales in real-time through direct changes in inventory and cost of goods sold accounts.

General Journal Entries

Recorded financial transactions that detail the exchange or transfer of value, representing the broader double-entry bookkeeping system.

F.O.B Destination

A shipping term indicating that the seller pays for transportation of the goods to the destination and retains ownership until delivery is completed.