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How did the new imperialism both resemble and differ from the old imperialism in its geographical focus, motives, and expectations? What role was played by Social Darwinism? Give some examples of European expansion in the era of the new imperialism.
External Customers
Individuals or entities that purchase goods or services from a business but are not part of the organization itself.
Revenue Test
A criterion used to determine the recognition of revenue in accounting, which stipulates that revenue can be recognized when it is probable that future economic benefits will flow to the entity and these benefits can be measured reliably.
Profit or Loss Test
A method used to determine the effectiveness and efficiency of a business by comparing its profits or losses over a specific period.
Asset Test
A means of determining an individual's or entity's ability to meet its financial obligations by comparing its liquid assets against its current liabilities.
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