Which of the Following Statements Would Most Likely Be Made

question 60

Multiple Choice

Which of the following statements would most likely be made by a supporter of globalization?

• A) Globalization encourages the adoption of uniform and superior standards for combating environmental problems.
• B) Economic growth created by globalization is largely in services, which involves the use of few nonrenewable resources.
• C) Global competition discourages resource-saving technologies, which are costly.
• D) Air pollution and toxic runoff problems increase with global economic growth.

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Definitions:

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenues.

Common Shares Outstanding

The total number of shares of common stock that are issued and actively held by shareholders, excluding treasury shares.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects cash from its credit sales by dividing net credit sales by the average accounts receivable.

Allowance For Bad Debts

An estimate of the amount of credit sales that are expected not to be collected, which is subtracted from total receivables in a company's financial statements to show a more accurate picture of net revenue.