Answer:
A) Daily Diamonds, an American jewelry manufacturer, buys diamonds from South Africa and exports them to India for the cutting process.
Explanation:
The word 'globalization' means the world to be one where one can access to any part of the world if one wishes. And globalization of production means an individual or a firm can buy raw materials from one place of the earth and send it to other part of the planet or any place for further process and distribution or sale. Thus the option A best suits the answer where an American jewelry manufacturer buys diamonds form one part of the planet that is from South Africa and exports to India for further cutting process, which is at the different [part of the planet thus making the production process global.
Thus the answer is A) Daily Diamonds, an American jewelry manufacturer, buys diamonds from South Africa and exports them to India for the cutting process.
Answer:
Zero economic profits in the long run.
Explanation:
In a perfect competition, firms are able to freely enter into, or exit a market.
As more and more firms enter the market, it causes an increase in supply in the long run, which<u> leads to a fall in prices and therefore profits, such that firms will start to earn normal profits or </u><u>zero economic profits.</u>
I think that statement is false
a letter of credit does not states that an exporter has availed credit from the bank to manufacture goods, but it st<span>ates that the bank will pay a specified sum of money to a beneficiary, normally the exporter, on presentation of particular, specified documents instead.</span>
Answer:
Accounting equation is as follows:
Assets = Liabilities + Stockholder's equity
(a) Cash $3,940 Notes payable $3940
(b) Cash $4,630 Common stock $4,630
(c) Equipment $1,000
Cash (-$200) Notes payable(ST) $800
(d) Supplies $300
Cash (-$300)
(e) Supplies $700 Accounts payable $700
Answer:
d. materials handling.
Explanation:
That's the correct answer. Hope that helps
