Which of the Following Statements About Globalization Is True

question 7

Multiple Choice

 Which of the following statements about globalization is true?

• A) Customization becomes easy as global competitors seek production efficiencies.
• B) Globalization has led to rivals coming from afar into home markets.
• C) It is not necessary for firms to customize their products to expand globally.
• D) Globalization hasn't changed the dynamics of the workforce.

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Definitions:

Schedule H

A form filed with the IRS to report taxes owed on wages paid to a household employee.

Federal Taxes

Taxes imposed by the federal government on income, payroll, property, sales, and other activities, used to fund national programs and services.

AGI

Refers to Adjusted Gross Income; the calculation that determines how much of your income is taxable after specific deductions are applied.

Estimated Payments

Periodic advance payments of expected tax liability, often required for earners not subject to withholding taxes like self-employed individuals.