Which Historical Event Was Greatly Responsible for Global Stratification as We

question 2

Multiple Choice

Which historical event was greatly responsible for global stratification as we see it today?

• A)World War I
• B)The Fall of the British Empire
• C)The French Revolution
• D)The Industrial Revolution

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Definitions:

Note Payable

A written agreement where one party promises to pay another party a specific sum of money on a certain date or upon demand.

Interest-Bearing Note

This is a debt instrument that pays interest to the holder at a fixed or variable rate until the maturity date or repayment of the principal amount.

Contingent Liabilities

Potential obligations that may arise depending on the outcome of a future event.

IFRS

International Financial Reporting Standards, which are accounting rules set by the International Accounting Standards Board (IASB) for the preparation of financial statements globally.