Globalization Is an Uneven Process,and Because of This,the Disparity Between

question 12

Multiple Choice

Globalization is an uneven process,and because of this,the disparity between the developed world and the developing world is

• A) decreasing rapidly.
• B) greater than ever.
• C) growing but is still less than it was in the nineteenth century.
• D) slowly shrinking.

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Definitions:

Equipment

Tangible property used in operations, such as machinery and office equipment, which is not intended for sale.

Accounting Equation

The fundamental formula representing the relationship between assets, liabilities, and equity (Assets = Liabilities + Equity).

Asset

An economic resource owned or controlled by an individual or business, expected to provide future benefits.

Liability

Any financial debt or obligation that a company owes, which must be settled over time through the transfer of economic benefits including money, goods, or services.