Which of the Following Statements Is TRUE of the International

question 47

Multiple Choice

Which of the following statements is TRUE of the international business scenario?

• A) After the dot-com bust, optical fiber was extremely scarce and expensive.
• B) After the fall of the Soviet Union, the economies of Russia and Western Europe closed their markets to the world.
• C) With the popularity of the Internet, the economies of North America and Europe became less integrated.
• D) With the popularity of the Internet, the Chinese economy became more open to the world.

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Definitions:

Petty Cash Fund

A small amount of cash kept on hand for making immediate, minor expenditures.

Journal Entries

The recordation of financial transactions in a company's accounting system, typically involving a debit and credit entry.

Discrepancy

An inconsistency or difference that arises in the course of comparing two sets of figures or facts, often leading to questions that require resolution.

Cash Short And Over

An account that records discrepancies between actual cash received and the expected amount, either indicating missing funds (short) or excess funds (over).