Some Argue That Globalization Will Have a Negative Impact Because

question 30

Multiple Choice

Some argue that globalization will have a negative impact because ____________.

• A)it will decentralize control of power to many stakeholders
• B)it entails weakened central power as a result of homogenization
• C)governments will gain more power
• D)it entails multinational corporations attaining greater and greater power over global trade
• E)citizens will gain more power

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Definitions:

Liquidated

The process of converting assets into cash or cash equivalents by selling them in order to pay off debts or obligations.

Claims of Creditors

Rights to payment or other financial assets held by creditors of a business, typically arising from loans or credit extended to the business.

Assets Sold

This refers to items of value owned by a company that have been sold off, including property, equipment, or other resources.

Equity of Partnership

Equity of Partnership represents the ownership interest of each partner in a partnership, essentially the residual interest in the partnership's assets after deducting its liabilities.