Which of the Following Is True of Globalization

question 54

Multiple Choice

Which of the following is true of globalization?

• A)Global business carries unique risks not found by firms competing within a single nation.
• B)Globalization decreases workforce diversity in organizations.
• C)Globalization decreases competition among firms.
• D)Global business involves a single government and a single legal system.

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Definitions:

Sales Budget

A financial plan that estimates future sales revenue within a specific period.

Production Cost

The total cost incurred by a company to manufacture a product, including labor, materials, and overhead expenses.

Budgeted Balance Sheet

A financial report that projects a company's financial position at a future date, estimating assets, liabilities, and owner's equity.

Master Budget

A comprehensive financial plan that includes all elements of an organization's operations, combining several individual budgets into one.