Which of the Following Is Not the Driving Force Behind

question 16

Multiple Choice

Which of the following is not the driving force behind globalization?

• A) reductions in air cargo rates.
• B) spread of cell phones,internet and other technologies.
• C) global warming.
• D) many countries have liberalized their trade policies.

Understand the components and purpose of the cash flow statement.

Identify the key players responsible for developing and enforcing financial reporting standards.

Distinguish between transactions that affect cash, net income, and different sections of financial statements.

Recognize how revenue and expenses are reported and their impact on net income and financial statements.

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Definitions:

Collecting Bank

A bank that processes checks and other instruments for payment on behalf of the payee.

Secondarily Liable

Being indirectly responsible for a debt or obligation, where primary liability falls to another party.

Endorser

One who issues an endorsement.

Instrument

A formal written document effecting legal rights or obligations, such as a contract or financial document.