0
Why do international managers want to know what the unit labor costs in various countries are?
1) Cost Competitiveness ensures competitive leverage at global level
2) At times outsourcing is required (China, Philippines, India) for skilled labor
3)Deciding factor for gaining and retaining international skilled labor in the countries (HR International Managers)
4) To function a multi-national , international labor cost reports of disclosure are required
What else can I help you with?
How does the concept of comparative advantage, which is based on opportunity costs, influence decision-making in international trade?
The concept of comparative advantage, which considers the opportunity costs of producing goods, affects decision-making in international trade by guiding countries to specialize in producing goods they can make most efficiently. This leads to increased efficiency, lower costs, and greater overall benefits for all countries involved in trade.
Turning over an organizational activity to an international firms is called what?
Turning over an organizational activity to an international firm is called outsourcing. This practice involves contracting external companies, often located in different countries, to handle specific business functions or processes, typically to reduce costs or access specialized expertise. Outsourcing can include various activities such as manufacturing, customer service, or IT support.
Total manufacturing costs or full costs are far more widely used in practice than the contribution margin approach why?
Total Manufacturing, or full costs, are used when top leaders fear that managers will substitute variable costs for full costs, which will then lead to deep price cutting.
Does International trade of goods internalizes costs?
International trade of goods can help internalize costs by promoting competition and encouraging countries to account for externalities, such as environmental impacts, in their production processes. When countries engage in trade, they may adopt standards and regulations that reflect the true cost of production, including social and environmental considerations. However, the effectiveness of this internalization depends on the presence of appropriate policies and agreements that address these externalities. Without such frameworks, trade can sometimes exacerbate cost externalization rather than internalize it.
How does countries benefit from international trade?
Countries benefit from international trade by accessing a wider variety of goods and services, often at lower prices due to comparative advantage. Trade allows nations to specialize in the production of goods they can produce most efficiently, leading to increased economic output and growth. Additionally, international trade fosters innovation and competition, encouraging businesses to improve quality and reduce costs. Ultimately, it can enhance consumer choice and contribute to overall economic development.
Why do managers consider direct costs to be more accurate then indirect costs?
Answer this question...why do managers cosider direct costs to be more accurate than indirect costs?
Which of the following statements is not true with regard to international accounting standards for research and development costs?
Some countries require research costs to be expensed and development costs to be capitalized
How much for an international Cell phone?
International cell phones costs depends on the brand you want to purchase. In cellular abroad, they offer cellphone rental which you can use in different countries. They also offer different SIM cards for different countries.
How does the concept of comparative advantage, which is based on opportunity costs, influence decision-making in international trade?
The concept of comparative advantage, which considers the opportunity costs of producing goods, affects decision-making in international trade by guiding countries to specialize in producing goods they can make most efficiently. This leads to increased efficiency, lower costs, and greater overall benefits for all countries involved in trade.
How can managers use accounting information to help control manufacturing overhead costs?
Managers compare the actual line item amounts for manufacturing overhead with the budgeted amounts. Managers investigate large differences between actual and budgeted amounts to identify the reasons why actual costs differ from planned or budgeted costs.
What are the various factors to be considered while development of new product for international markets?
Various factors to consider when developing new products for international markets are determine whether there is a market for your product, consider a partnership to help with costs, and product adaptation.
What costs are involved when one sells items on eBay International?
Some costs involved with selling items on eBay international include International Shipping and Customs Fees and Insurance Costs. You can sell items on eBay international from the official eBay website.
Why does managers use a contribution margin income statement?
Managers will use this because it separates the fixed from the variable costs. It helps them make short term decisions better by not looking at long term fixed costs which can not be easily changed.
Does managerial accounting provide useful information to managers om product costs?
True
Turning over an organizational activity to an international firms is called what?
Turning over an organizational activity to an international firm is called outsourcing. This practice involves contracting external companies, often located in different countries, to handle specific business functions or processes, typically to reduce costs or access specialized expertise. Outsourcing can include various activities such as manufacturing, customer service, or IT support.
What is the cost of online it courses?
if you want Tech Support it costa $47,360, Network Administrator costs $70,930, Computer Programmers costs $74,690, and Computer and Information Systems Managers costs $120,640.
What does IB payment means?
IB payment refers to "International Bank payment," which involves transferring funds between banks across different countries. This process often utilizes networks such as SWIFT to facilitate secure and efficient transactions. IB payments can include various types of transfers, including wire transfers and international money transfers, and typically incur fees and currency conversion costs.
