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

---

Definitions:

Net Present Value

A method used in capital budgeting to calculate the value of an investment by discounting future cash flows back to their present value, to assess its profitability.

Discount Rate

The rate of interest that’s applied in discounted cash flow analysis to establish the present day value of cash flows expected later.

Internal Rate Of Return

A financial metric used to evaluate the profitability of potential investments, representing the interest rate at which the net present value of all the cash flows from a project or investment equals zero.

Labor Savings

A reduction in the amount of labor required or a decrease in labor costs, often as a result of improved efficiency or automation.