Transformationalists Believe That Globalization Is a Dynamic and Open Process

question 47

Multiple Choice

Transformationalists believe that globalization is a dynamic and open process that is subject to influence and change because:

• A) it has been occurring for centuries and has been managed fairly successfully in the past
• B) it is a decentralized, unpredictable, and contradictory process
• C) multinational corporations will alter its patterns to serve their needs
• D) interregional relations will alter its dynamics

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Definitions:

Retail Inventory Method

An accounting method used by retailers to estimate inventory levels by incorporating the cost to retail price ratio.

Sales Discounts

Reductions in the price of goods or services offered to customers, typically as an incentive to encourage prompt payment.

Ending Inventory

The total value of goods available for sale at the end of an accounting period.

Cost-to-Retail Ratio

A method used in retail to calculate the estimated ending inventory value at retail prices by dividing the cost of goods available for sale by the retail price of the goods.