Globalisation Is Defined As: the Process of Countries Becoming ________

question 64

Multiple Choice

Globalisation is defined as: the process of countries becoming ________ open to foreign investment and ________ open to foreign trade.

• A)more; less
• B)more; more
• C)less; more
• D)less; less

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Definitions:

Functional Currency

The primary currency of the primary economic environment in which an entity operates, used in its financial reporting.

Subsidiary

A company controlled by another company, known as the parent company, through the ownership of more than half of its voting stock.

Inventory

The raw materials, work-in-progress products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Temporal Method

A method used in accounting to translate foreign currency transactions into the reporting currency of a business.