Innovations in Communication, Ease of Worldwide Travel and Growth in Technology

question 24

True/False

Innovations in communication, ease of worldwide travel and growth in technology have played a part in fueling globalization.

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Definitions:

Accounts Receivable

Receivables from customers to a business for goods or services that have been supplied but payment has not been made.

Sales Revenue

The total amount of money generated from the sale of goods or services by a company before any costs or expenses are deducted.

Direct Method

A way of allocating service department costs directly to the producing departments without considering services rendered between service departments.

Comparative Balance Sheet

A financial statement that presents the financial position of a company at different points in time side-by-side for comparison.