Which Statement Best Describes the Middle Position with Respect to Globalization

question 72

Multiple Choice

Which statement best describes the middle position with respect to globalization?

• A)globalization is inevitable but can be managed to reduce inequities
• B)management of globalization is impossible and should therefore proceed unchecked
• C)globalization seeks to ensure an absolute equality among all global nations
• D)globalization can be stopped by protective trade tariffs to protect national industries
• E)globalization needs for powerful international institutions such as the World Bank to be eliminated so as to level the playing field

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Definitions:

Real Accounts

Accounts related to assets, liabilities, and equity that are shown on the balance sheet, maintaining their balances over time and not closed at the end of the accounting year.

Permanent Accounts

Accounts on the balance sheet whose balances are carried over into the next accounting period.

Post-closing Trial Balance

A list of all company accounts that remain after adjusting entries and closing entries have been made, used to test the balance of debits and credits.

Asset Accounts

Accounts on a balance sheet representing resources owned or controlled by a company with future economic value.