Which Aspect of Globalization Is Thought to Have Played a Key

question 34

Multiple Choice

Which aspect of globalization is thought to have played a key role in the Arab spring?

• A) concentration of corporate power
• B) expansion of the arms market
• C) improvements in international travels
• D) technological advances in communications

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Definitions:

Inventory Flow

The process by which inventory moves through a business, from purchase and storage to sale.

Periodic Inventory System

An inventory accounting system where updates to inventory accounts occur at specific intervals, typically at the end of an accounting period.

LIFO

An inventory valuation method where the last items added to inventory are considered the first ones sold during a period of time; stands for Last-In, First-Out.

FIFO

An accounting method for inventory valuation where the first items acquired are the first ones sold, standing for First In, First Out.