Thomas Friedman's Declaration That the World Was Now "Flat" Meant

question 59

Multiple Choice

Thomas Friedman's declaration that the world was now "flat" meant that

• A) the Internet has reduced the economic advantages of developed countries.
• B) globalization is starting to offer less advantage to large corporations.
• C) the global economy is increasingly commanded by fewer and larger corporations.
• D) global capitalism is homogenizing culture and business practices throughout the world.

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Definitions:

Standard-Sized Cupboards

Cabinets or storage units that conform to common dimensions used in housing and furniture design.

Exemption Clause

An Exemption Clause is a part of a contractual agreement that seeks to limit the liability of one of the parties in certain situations, effectively exempting them from fulfilling certain obligations or liabilities.

Commercial Transactions

Activities involving the purchasing, selling, trading, and distribution of goods and services among businesses or entities.

Exemption Clause

A clause in a contract that restricts or eliminates the responsibility of one party for specific violations or circumstances.