Answer: cost ratio
Explanation: The terms of trade must be higher (graphically to the right) of a nation's own production cost ratio. The production cost ratio allows small-scale manufacturers to determine their cost more accurately as well as control known cost parameters and is a method that can be adapted and applied to any business.
In a multi-product manufacturing firm, the production cost ratio is necessary for accurate compilation and allocation of production costs to each category of product especially when both the Production Time and the Production Runs are not the same and/or when fixed labor, overhead and other costs are drawn from the same pool. When the ratio is not applied results in a skewed allocation of production costs. This in turn can affect the business as it becomes difficult to ascertain the products whose production are more profitable to the business.
Enterprise System supports business processes end to end? group of answer choices management system accounting system enterprise system functional structure document system.
Enterprise system basically helps in taking care of all the operations as well as processes of the organisation.
What is Enterprise system?
- These are said to be known as the software packages used by the organisations which helps them in controlling as well as managing the complex processes as well as operations of the enterprise.
- This system leads to better performance, better accuracy as well improvement in coordination, planning, etc.
- It also helps in having easier access as well as coordination in the management systems and also leads to enhanced reports of the organisation.
- The three basic types of enterprise system include:
- Enterprise Resource Planning
- Customer Relationship Management
- Supply Chain Management.
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Answer:
Work life expectancy
Explanation:
Work life expectancy can be defined as the period of time than an l individual is expected to be actively involved in the workforce. An individual's work life is greatly influenced by a number of different factors including educational height, health, marital and family responsibilities, economic opportunity, and additional sources of income.
Work life expectancy could also influenced by the high rate of unemployment in the economy and an individual's voluntary or involuntary withdrawal from the workforce.
The correct matches are the following.
1. Increasing the number of products your company exports from the United States to Canada without tariffs that could hurt profits. = e) NAFTA.
2. Resolving an issue that involves rules of trade that are impacting your business as you try to increase distribution to several markets in Africa. = b) World Trade Organization.
3. Selling your products to an expanding middle class of consumers in Guatemala. = d) DR-CAFTA
4. Problems selling to Japanese consumers due to the instability of the exchange rate between American and Japanese currencies. c) International Monetary Fund.
5. Allowing your manufacturing plant in Spain to quickly reduce barriers in its efforts to market and sell products in France. = a) European Union.
Knowing these organizations and their main functions will help you to understand foreign trade, its characteristics in a b¿globalizaed world, and the peculiarities according to each region. Every trade agreement has its details and you want to become an expert in the region you choose to maximize your sales and profits.
That is why many countries associate in trade agreements, as is the case of NAFTA, the North America Free Trade Agreement signed by Mäxico, the United States, and Canada, now turned into USMCA, the United States, México, and Canada Agreement.
