Vladimir is a manager at an automotive plant in United States.His company has realized it needs to think globally since the whole world is a source of business and has struck a deal with an automotive supplier in Brazil to buy 15% of their parts at a discounted rate as this will better serve the company's needs.His company has also determined that they can streamline their processes if they outsource some work .It means Vladimir's company is demonstrating Globalization.
Answer: Correct answer id (d)
<u>Explanation:</u>
Globalization means going global.It means expanding business and ideas beyond the domestic boundaries.Globalization has turned the whole world into a small village.All countries have come closer to each other.
If Vladimir's company buy automotive parts from Brazil at discounted rates then they will get cost advantage and produce automotive at cheaper rates.Further by outsourcing some work they will be able to reduce their burden and get best services from the country to which they are outsourcing.
So globalization has many benefits in terms of increase in international trade,low cost of living,high standard of living.high quality goods and services.more wealth in the world.
Answer:
4.86%
Explanation:
Given that
Expected sales = $360,000
Break-even sales = $342,500
The computation of the margin of safety is shown below:-
Margin of safety (in percent) = (Expected sales - Break-even sales) ÷ Expected sales
= ($360,000 - $342,500) ÷ $360,000
= $17500 ÷ $360,000
= 4.86%
Therefore, for computing the margin of safety we simply deduct break even sales from expected sales and after result we divide with expected sales.
Answer:
C. Measure of value
Explanation:
Measure of value or unit of account is one of the four main functions of money. Under this function, money makes it possible to compare the values of different goods and services. Producers of goods and service providers apply various techniques to assign a monetary value to their products. Comparison in value, therefore possible as with money as the common denominator.
Because money is divisible in small units, it is possible to attach a monetary value to a good or service regardless of its size or worth.
True, but could you elaborate on this ?
