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Define and Discuss Globalization

question 3

Essay

Define and discuss globalization.Use the examples in the text to discuss the negative and positive social consequences of globalization.

Compute cost of goods manufactured and cost of goods sold.
Differentiate between financial and managerial accounting.
Distinguish between line and staff departments.
Understand the concept of decision-making in managerial accounting.

Definitions:

HR Department

The department of a business or organization that deals with hiring, administration, and training of personnel.

Reengineering

A process of redesigning business procedures and organizational structure to achieve improvements in efficiency, effectiveness, and adaptability.

Global Assignments

Roles or projects assigned to employees that involve working in different countries, often aiming to meet the international objectives of an organization.

Outsourcing

The business practice of hiring a third party to perform services, handle operations or provide goods that are either difficult to manage or are outside the company's expertise.

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