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An advantage noted about globalization is that with research and development being done overseas products can be developed 24 hours per day, with workers from different time zones passing off work to each other.
Final Statement
The last financial document summarizing all account activity and balances at the conclusion of a transaction or accounting period.
Orally Agreed-on Condition
An orally agreed-on condition refers to terms or stipulations in a contract that have been agreed upon verbally and not written down.
Parallel Rights
Similar or concurrent rights held by different entities that can exist simultaneously without interfering with each other.
Equal Rights
The principle that all people should have the same legal rights and opportunities regardless of personal characteristics.
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