Which of the Following Is an Economic Driver for Globalization

question 88

Multiple Choice

Which of the following is an economic driver for globalization?

• A) The convergence of cultures.
• B) The media.
• C) The law of comparative advantage.
• D) Travel and tourism.

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Definitions:

Accrual-based Net Income

The measure of an organization's earning power from ongoing operations, calculated by adding non-cash expenses and revenues booked but not paid to net income under cash accounting.

Domestic Corporations

Companies that are incorporated and operate within the country where they were formed.

Excess Fair Value

The amount by which the fair market value of an asset exceeds its carrying value on the balance sheet.

Franchise Contract

A legal agreement granting a person or group the rights to operate a business under the franchisor's model and brand for a specified period.