Globalization Has

question 21

Multiple Choice

Globalization has

• A) made the bureaucratic model of decision making inapplicable to international affairs.
• B) prevented leaders from using the rational model of decision making.
• C) challenged the state as the primary actor in international affairs.
• D) reinforced traditional state sovereignty.
• E) grown from the Montevideo Convention.

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Definitions:

Relevant Range

It refers to the span of activity within which the assumptions about fixed and variable cost behaviors hold true.

Contribution Margin

The amount of revenue left after deducting all variable costs associated with producing and selling a product, indicating how much contributes towards covering fixed costs and generating profits.

University Store

Not specific enough to provide a definition without context but generally refers to a retail outlet or bookstore operated by or on behalf of a college or university.

Sunk Cost

An expense that has been paid and cannot be retrieved.