Which of the Following Has NOT Happened in the Post-Colonial

question 38

Multiple Choice

Which of the following has NOT happened in the post-colonial period in South Asia?

• A) the development of a booming IT industry
• B) improvements in agricultural as a result of the Green Revolution
• C) the rapid democratization of the region's countries
• D) the creation of Bangladesh as a country

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Definitions:

Economic Entity Assumption

An accounting principle that separates the transactions of a business from those of its owners or other businesses.

Cost Principle

The accounting principle that states goods and services should be recorded at their cost at the time of acquisition.

Historical Cost Principle

An accounting principle that requires assets to be recorded and reported at their purchase price, without adjustments for inflation or market value changes.

Owner's Equity

The value that accrues to the owners of a company after settling all its debts, equivalent to the assets minus the liabilities.