Which of These Represent the Second Level in the Evolution

question 26

Multiple Choice

Which of these represent the second level in the evolution of a global corporation?

• A) Foreign licensing
• B) Direct investment
• C) Export-import
• D) Bartering

---

Definitions:

Double-Entry System

An accounting technique that records each transaction as both a debit and a credit in different accounts, ensuring the accounting equation remains balanced.

Transaction

Any event or activity that affects the financial position of a company and can be measured reliably in monetary terms.

Accounts

Records that summarize all the transactions related to a specific financial aspect, such as assets, liabilities, equity, expenses, and income.

Basic Accounting Equation

Assets = Liabilities + Owner’s equity.