Stratification on the Global Level Is Often Seen as a Divide

question 69

Multiple Choice

Stratification on the global level is often seen as a divide of ______ and ______.

• A)East; West
• B)Global North; Global South
• C)First World; Second World
• D)core; periphery

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Future Value

Value of cash flows at a future date, taking into account interest accumulated between when the cash flow occurred and the future date.

Double-Declining Balance

An accelerated method of depreciation that doubles the rate at which an asset’s book value declines compared to straight-line depreciation.

Straight-Line Depreciation

A method of allocating the cost of an asset evenly over its useful life.