Differences in Country Costs, High Product Development Costs, and Fast-Changing

question 115

Multiple Choice

Differences in country costs, high product development costs, and fast-changing technology would all be examples of what kind of industry globalization forces?

• A)cost forces
• B)competitive forces
• C)quality forces
• D)government forces
• E)market forces

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Definitions:

Short Term

A time period typically lasting less than one year, used to evaluate financial performance, investments, and objectives that are expected to be achieved within a brief timeframe.

Step-Variable Cost

A cost that remains constant for a certain level of activity, but changes in step fashion once a certain threshold is surpassed.

Activity

An event that causes the consumption of overhead resources.

Variable Cost Per Unit

The cost that varies with the level of output, computed on a per-unit basis.