The Internet Has Eased International Transactions in All of the Following

question 27

Multiple Choice

The Internet has eased international transactions in all of the following ways except

• A) allowing service companies to outsource operations to low-cost-labor countries.
• B) reducing the amount of investment needed to expand into foreign markets.
• C) substantially reducing the liability of foreignness.
• D) increasing the efficiency of networking capability among business.

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Definitions:

Common Characteristic

refers to a shared attribute, quality, or feature among items, individuals, or concepts within a particular group or category.

Subsidiary Ledger

A detailed ledger that contains all the transaction details of a specific general ledger account, aiding in maintaining accurate financial records.

Customer Account Activity

A record of all financial transactions that have occurred on a customer's account within a given period.

Accounts Receivable Ledger

A ledger that records sales made on credit, tracking the amounts owed by customers to the business.