Which of the Following Best Defines Modernization Theory

question 62

Multiple Choice

Which of the following best defines modernization theory?

• A) Nations become more equal as they develop.
• B) Global inequality is caused by differences in development.
• C) Global inequality is caused by cultural differences.
• D) Inequality is caused by the exploitation of poor nations.

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Definitions:

Fees Earned

Revenue generated from professional services provided to clients.

Insurance Expense

The cost incurred by a business for obtaining insurance coverage against risks, reflected as a periodical premium payment in financial statements.

Credit

The provision of resources (like money) by one party to another, with the expectation of repayment or return in the future.

Accounts Receivable

Signifies the amount of money that customers owe to a business for products or services that have been provided but remain unpaid.