The Third Phase of Globalization Was Triggered by ________

question 32

Multiple Choice

The third phase of globalization was triggered by ________.

• A) the end of World War II
• B) the invention of electricity
• C) the end of World War I
• D) the Great Depression

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Definitions:

Adjusting Entries

Closing entries in accounting at the end of a period to ensure income and expenses are attributed to the period in which they took place.

Business Events

Occurrences that affect the financial position of a company and can be measured reliably in financial terms.

Recorded

The process of recording business financial transactions into the accounting books.

Accrued Revenues

Revenues for services performed but not yet received in cash or recorded.