A World-System Is Defined by Wallerstein as Any Relatively Large

question 2

Multiple Choice

A world-system is defined by Wallerstein as any relatively large social system having:

• A) a high degree of interdependence with other social systems, an extensive division of labor, and a plurality of cultures
• B) a high degree of autonomy, a simple division of labor, and a plurality of cultures
• C) a high degree of autonomy, a complex division of labor, and a plurality of societies and cultures
• D) a high degree of autonomy, a complex division of labor, and a single unified culture

---

Definitions:

Discount Rate

It refers to the discount rate applied in discounted cash flow analysis to calculate the current value of future cash flows.

Investment in Equipment

Capital expenditure on physical assets like machinery and equipment intended to be used in the production of goods or services.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in consistent annual amounts.

Remodelling

The process of updating or altering the structure, layout, or appearance of an existing building or space.