Globalization Is

question 40

Multiple Choice

Globalization is:

• A) an economic metamorphosis that started in England in the late 1700s.
• B) the creation and maintenance of a disparate economic relationship between states.
• C) the creation of networks of human interaction that span worldwide distances.
• D) a philosophy in which nations promote trade by easing tariff and non-tariff barriers.

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Definitions:

Double-Declining-Balance

An accelerated method of depreciation that computes depreciation at twice the straight-line depreciation rate.

Depreciation Expense

Depreciation expense represents the systematic allocation of the cost of a tangible asset over its useful life, reflecting its consumption, wear and tear, or obsolescence.

Floral Deliveries

The service of transporting flowers or floral arrangements to specified locations, often as part of a floristry business.

Units-Of-Activity

A depreciation method where the useful life of an asset is based on the number of units it produces or the hours it operates, rather than time.