Transformationalists Believe That Globalization Is a Dynamic and Open Process

question 58

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) regionalization will alter its dynamics
• E) they believe in the end of linear history

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Definitions:

Direct Labor Cost

The expense of labor that can be directly attributed to the production of goods or services.

Net Operating Income

A company's revenue minus its operational direct and indirect costs, excluding taxes and interest.

Net Operating Income

Earnings from a company's regular activities before taxes and interest, used to gauge the company's operational efficiency.

Absorption Costing

Absorption costing is an accounting method that includes both variable and fixed manufacturing costs in the cost of a product.