The Growth of Powerful Communications Technologies and the Emergence of World

question 73

Multiple Choice

The growth of powerful communications technologies and the emergence of world cultures create the condition for ________-global consumers interested in consuming similar products that are culturally approved.

• A)global markets
• B)domestic markets
• C)central markets
• D)decentralized markets

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Definitions:

Historical Cost

The original monetary value of an economic item. Historical cost is based on the stable measuring unit assumption.

Capital Stock

The amount of ownership shares of a company, including both common and preferred stock, authorized and issued to investors.

Stated Value

An arbitrary value assigned to a company's share that does not have a par value, used for accounting purposes.

Market Value

The present cost at which a service or asset is available for buying or selling in the market.