What Does the Term 'Globalisation' Refer To

question 10

Multiple Choice

What does the term 'globalisation' refer to?

• A) The fact that people are travelling more and as a consequence have a new relationship to other cultures
• B) The increased interconnectedness of several aspects of social life across national boundaries and increased interdependence of countries and regions around the world
• C) A decreased sense of nationalism due to the homogenisation of political aspects of social life
• D) The fact that people are exposed to many different cultures and the products of those cultures

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Definitions:

Source Documents

Original records and documents containing the details that support or verify the transactions entered in an accounting system.

Chart of Accounts

An organized list of all the account titles and numbers being used to track financial transactions and prepare financial statements in a company.

Debit Entries

Accounting records that increase expenses or assets, or decrease equity, liabilities, or revenue.

Credit Entries

Credit entries are accounting entries that increase liabilities or equity or decrease assets, recorded on the right side of an accounting ledger.