Globalisation Refers To

question 37

Multiple Choice

Globalisation refers to:

• A) the removal of, or reduction in, trade barriers such as tariffs and quotas.
• B) extensive financial deregulation.
• C) the integration of national economies, especially their financial sectors, around the world.
• D) technological advances which allowed goods and information to be moved around the world more rapidly and cheaply.

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Definitions:

Term Partnership

An agreement between partners to establish a partnership for a specific duration or until the completion of a particular project.

Debtor In Bankruptcy

An individual or entity that has declared bankruptcy, initiating a legal process to address and discharge debts under protection from creditors.

Doctrine Of Marshaling

A principle that ensures fair treatment of multiple creditors by prioritizing their claims on a debtor's assets.

Partnership Assets

Assets or property owned by a partnership, which are used in the operation of the business and subject to distribution upon dissolution.