What Is Globalization

question 1

Multiple Choice

What is globalization? 

• A) a new term for mass immigration into a country 
• B) a satellite-based communications system 
• C) worldwide integration of social, economic, and environmental change 
• D) the ability of all of society to travel worldwide

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Definitions:

Cost Base

The total amount of investment in an asset, used for tax purposes to determine capital gains or losses upon disposal.

Long-Lived Asset

Assets of a company that provide value for more than one fiscal year, such as buildings, machinery, and equipment.

Capitalized

The process of recording a cost as an asset, rather than an expense, enabling the cost to be expensed over the useful life of the asset rather than immediately at the time of purchase.

Architectural Fees

These are fees charged by architects for the design, planning, and oversight of a construction project.