much of the world's supply of textiles is now manufactured in china. this has led to textile factories closing in part of the united states. a textile firm choosing to move its manufacturing to china would argue that it is doing so to improve: Production efficiency
As a global leader in manufacturing, China's economy is booming, and its goods are in abundance. The vast bulk of tags, announcing "Made in China" can be seen on a variety of products. One of the reasons companies chose to make their items in China is the availability of lower-paid labor there. Due to its connected suppliers, component manufacturers, and distributors, China's business ecosystem has grown into a more efficient and affordable site to produce goods.
Unlike their Western competitors, who are required to abide by stringent health, safety, employment, and environmental requirements, Chinese manufacturers often operate in a significantly more liberal regulatory environment. Hence most of the manufacturer manufacture their goods in China under production efficiency.
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<span>when the sets are completely finished, the cost should be transferred to: </span>W<span>IP inventory-Finishing
WIP stands for work in progress, which is an account to placed all the amount of manufactured product that still not ready to be sold to the market.
Since the manufacter process is in finishing stage (coloring/packing), the appropriate account should be </span>WIP inventory-Finishing
Explanation:
Monotonic transformation refers to changing the quantity of both the variables in a way that their ranking or order is preserved. Monotonic transformation of a utility function does not change the marginal rate of substitution as the order of preferences remains intact with the monotonic transformation. It's just the level of utility that either increases or decreases with such a transformation. The indifference curve shape remains the same. With monotonic transformation, consumer moves from a lower to higher or higher to lower indifference curve.
Alright, well this is simple
Well, Tom has an issue. Fast food people give him extra mustard, he dials 911. I'm sure the police hate Tom by now, but anyways, let's move on to the actual question.
So, you have four choices:
Public Choice Theory: The use of economic tools to deal with traditional problems of political science.
Utility Theory: A theory used in economics that means that an item or services utility is a measure of satisfaction that the consumer will derive from the consumption of that good or service.
Moral Hazard: A risk that the presence of a contract will affect the behavior of one or more parties. Usually used for official deals, like insurance.
Law of Diminishing Marginal Utility: <span>The law stating that as a </span>person<span> consumes more and more </span>units<span> of a </span>product<span>, past a certain point the perceived </span>benefit<span> from </span>consumption<span> will </span>decrease<span> with each successive unit. Basically, this means the more a person does something, or consumes something, the less they like it. Like if you eat pizza too much, and suddenly get sick of pizza. That's the Law of DMU.
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So, let's see how this fits. Tom calls 911 every time the drive through messes up his order, right? Well, it sounds like he get's pretty mad whenever it doesn't come out right.
Now, you can rule out A. This isn't anything to do with Political. You can also rule out C. This has nothing to do with a contract either. Now, I believe your answer is either B or D. If he calls 911 every time they get it wrong, it sounds like either he's getting sick of the product (D) or he's just not satisfied with the product (B) and thus the products value goes down.
So, while I'm leaning more towards B, it could also be D.
~Hope this helps M8