Which of the Following Is True About Globalization's Effect on Culture

question 93

Multiple Choice

Which of the following is true about globalization's effect on culture?

• A) It segregates people on the basis of race and ethnicity.
• B) It decreases diversity within a society by blocking the free flow of cultural ideas.
• C) It liberates people culturally by undermining the ideological conformity of nationalism.
• D) It decreases the choices available to local people by making their countries culturally poor.

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Definitions:

EBIT

Earnings Before Interest and Taxes; a measure of a firm's profit that includes all income and expenses except interest and income tax expenses.

Income Statement

A financial statement that shows a company's income and expenses over a specific period, culminating in net profit or loss.

After-Tax Income

The amount of income an individual or corporation retains after all applicable taxes have been deducted.

Depreciation

The accounting process of allocating the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.