Which of the Following Is Not a Useful Phrase to Incorporate

question 2

Multiple Choice

Which of the following is not a useful phrase to incorporate into a definition of the term "globalization"?

• A)a combination of processes through which the world is becoming a more integrated place
• B)the relationship among economic,political,and cultural processes
• C)more people are aware of events,and are affected by decisions made,in distant places
• D)the business of sport has had little to do with globalization processes in the last 50 years

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Definitions:

Variable Cost Ratio

The proportion of variable costs to sales revenue, indicating how much variable cost changes with a change in the company's production volume.

Fixed Costs

Fixed costs, including rent, wages, and insurance expenses, stay the same no matter the production or sales volume.

Debt

An amount of money borrowed by one party from another, to be paid back with interest.

Shareholder Value

The worth delivered to shareholders due to management's ability to grow sales, earnings, and dividends over time.