There Are Two Meanings of Globalization: Globalization as Fact and Process

question 40

Multiple Choice

There are two meanings of globalization: globalization as fact and process, and globalization as ideology and contested policy. What is the primary and neutral meaning of globalization as it is applicable to anthropology?

• A) the efforts by international financial powers to create a global free market for goods and services
• B) opposition to global free trade
• C) promotion of the interests of multinational corporations at the expense of farmers and workers
• D) the impact of the world on the rest of the universe
• E) the spread and connectedness of production, communication, and technologies across the world

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Definitions:

Trade-In Allowance

The amount credited to the buyer by a seller for the value of a traded item, reducing the cost of the new purchase.

Recorded

The action of documenting financial transactions in accounting records, ensuring accuracy and completeness of financial information.

Asset Improvements

Expenditures made to enhance the usefulness, performance, or lifespan of an asset without acquiring a new one.

Ordinary Maintenance

Routine upkeep and repairs necessary to keep equipment, buildings, and other assets in working order, distinct from major renovations or upgrades.