Which of the Following Is True of Globalization According to the "New

question 38

Multiple Choice

Which of the following is true of globalization according to the "new force" perspective? 

• A) It is a process of trade integration that has both advantages and disadvantages. 
• B) It is a phenomenon that is technologically out of sync. 
• C) It is a historical aspect of human trade. 
• D) It is a western ideology focused on exploiting and dominating the world through MNEs.

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Definitions:

Perpetual Inventory Account

A method of recording inventory that updates inventory records in real-time with every transaction, sale, or purchase.

FIFO

An inventory valuation method (First In, First Out) where the costs of the earliest goods purchased are the first to be recognized in determining cost of goods sold.

LIFO

Last In, First Out, an inventory valuation method where the most recently produced or purchased items are recorded as sold first.

Perpetual FIFO Method

An inventory costing method where goods are assumed to be sold in the order they are acquired, continuously updated to reflect inventory levels and cost of goods sold.