How Did the Expansion of Information and Communication Technologies (ICTs)spur

question 20

Essay

How did the expansion of information and communication technologies (ICTs)spur recent acceleration of globalization? Give an example to support your answer.

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Definitions:

Income Ratios

Metrics used to evaluate the financial performance of a business by comparing its income to other financial figures.

Liquidation Proceedings

The process of winding up a company's financial affairs by selling off its assets to pay creditors and distributing any remaining assets to shareholders.

Capital Account

An account showing the net worth of a business at a specific point in time, including assets contributed by the owners plus retained earnings.

Capital Deficiency

A situation where a company's current liabilities exceed its current assets, indicating potential financial distress.