How Do the Authors of Your Text Define Globalization

question 26

Multiple Choice

How do the authors of your text define globalization?

• A)the increasing interconnectedness of people and places through converging economic, political, and cultural activities
• B)the spread of McDonald's throughout the world
• C)the trend toward international trade agreements among the countries of the world
• D)the pattern of increasing telephone and Internet connections around the world
• E)the growth of international and supranational organizations uniting the world's people

---

Definitions:

Overhead

The ongoing administrative and operational costs not directly attributable to the production of goods or services, such as rent and utilities.

Residual Income

The income that remains after deducting all required costs of capital from operating profits, often used to assess divisional or project performance.

Average Total Assets

A financial metric calculated by averaging a company's total assets at the beginning and end of the accounting period.

Operating Expenses

Costs associated with the day-to-day functions of a business, excluding direct production costs, such as rent, utilities, and payroll expenses.