Unlike Earlier Instances,globalization in the Twentieth Century Is Distinctive in Its

question 4

Multiple Choice

Unlike earlier instances,globalization in the twentieth century is distinctive in its

• A) connection of all parts of the world in an interlocking web of exchanges.
• B) exchange of only goods and services but not ideas or belief systems.
• C) resolution of long-standing global inequalities between different regions.
• D) use of new technologies to facilitate unprecedented levels of communication.

---

Definitions:

Percentage Of Completion

An accounting method used to recognize revenues and expenses of long-term projects proportionally to the work completed to date.

Costs Incurred

Expenses recognized in accounting, representing the cost of doing business and acquiring or producing goods.

Contract Price

The agreed-upon price for goods or services specified in a contractual agreement.

Installment Sales Method

Accounting method that recognizes revenue when payments are received rather than at the point of sale.