2. What is absolute advantage? 3. What gives a country a comparative advantage?

4. Why do some countries fear increasing economic interdependence?

5. Why does globalization give countries an incentive to reduce wages for their workers?

6. Why do central banks play an important role in the global economy?

7. What is foreign aid, and what is its main purpose?

8. What is the WTO and what does it do/its goals?

9. What is the IMF and why do they impose conditions on what they do?

10. What is the World Bank and what does it do/its goals?

11. Why has globalization led to an increasing income gap between rich and poor countries?

12. Why hasn't globalization benefited the majority of the world's underdeveloped countries?

13. Name 3 or more challenges caused by globalization.

14. Why do many companies do business in countries where human rights are violated?

15. What are 2 or more benefits of globalization? Include prices.

16. Both Syria and Cuba produce basketballs and soccer balls. Syria can produce basketballs at a lower opportunity cost than Cuba. Cuba can produce soccer balls at a lower opportunity cost than Syria. According to the law of comparative advantage, what should happen?

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work

Oliver's company is planning the launch of their hybrid cars. the company has included "never-before-seen" product benefits in the hybrid cars. which type of advertising should oliver's company use for the new cars?