What Are Sweatshops

question 51

Multiple Choice

What are sweatshops?

• A)Local business operations that expand internationally through foreign direct investment
• B)Arbitrating firms that settle labor disputes
• C)Business operations that employ workers at low wages for long hours in poor working conditions
• D)Foreign firms that hire talented local personnel for training others in the host country
• E)Foreign firms that are engaged in rampant corruption and bribery to gain easy access to the local resource pool

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Definitions:

Production

Production involves the process of creating, manufacturing, or enhancing goods and services.

Consumer Savings

Refers to the amount of money that individuals set aside from their disposable income rather than using it for consumption.

Financial Rewards

Monetary benefits given to employees or stakeholders as an incentive or recognition for their performance or investment.

Industrial Investment

Funds allocated towards the development or expansion of industrial activities, including manufacturing and production facilities.