Which One of the Following Is a Consequence of Increased

question 19

Multiple Choice

Which one of the following is a consequence of increased global competition?

• A)the creation of new steel plants in the old industrial countries
• B)the end of free-trade agreements between governments of the world
• C)increased comfort level of trade unions with the consequences
• D)increased anxiety among workers in the old industrial countries

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Definitions:

Total Assets

The sum of all current and non-current assets owned by a business, indicating its total resources.

Cost Per Unit

The total expense incurred in manufacturing or acquiring a product divided by the number of units.

Purchased

Acquired in exchange for money or its equivalent; obtaining ownership of a good or service.

Days' Sales

A financial ratio that measures the average time it takes a company to convert its inventory into sales.