The Text Argues That the Negative Consequences of Globalization Are

question 18

Essay

The text argues that the negative consequences of globalization are not restricted to economic and cultural effects.Discuss some of these other kinds of consequences.

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Definitions:

Closing Journal Entries

Entries made at the end of an accounting period to transfer the balances in temporary accounts to permanent accounts, preparing the books for the next period.

Dividends

Funds distributed to shareholders by a company, typically from its earnings.

Retained Earnings

The portion of a business's profits not distributed to shareholders but reinvested in the business or kept as a reserve.

Net Loss

The amount by which total expenses exceed total incomes for a business over a specific period, indicating a negative financial performance.