In the Late 1990s and Early 2000s Many Jobs Left

question 58

Multiple Choice

In the late 1990s and early 2000s many jobs left the United States for a cheaper labor force.The American people did not like this move to ________ and stopped buying certain products until the company came back to the United States.

• A)homesourcing
• B)co-sourcing
• C)reshoring
• D)telecommuting
• E)offshoring

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Definitions:

Consolidated Statement

A financial statement that includes all assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries.

Cost Of Goods Sold

Direct costs attributable to the production of goods sold by a company, including material and labor.

Parent's Share

The proportion of equity held in a subsidiary by the parent company, often representing controlling interest.

Goodwill

An intangible asset that arises when a company acquires another company for a price higher than the fair value of its net identifiable assets.