The Reason the World Economy Is Globalizing at an Accelerated

question 20

Multiple Choice

The reason the world economy is globalizing at an accelerated pace is because:

• A) countries previously open to foreign companies have opened up their markets.
• B) countries that previously had market or mixed economies now embrace planned economies.
• C) information technology expands the importance of geographic distance.
• D) growth-minded companies are racing to build stronger competitive positions in the markets of more countries.
• E) All of these.

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Definitions:

Legal Entities

Organizations that have legal rights and responsibilities, recognized as such by law, such as corporations, partnerships, and sole proprietorships.

Cooperative Agreements

Legal arrangements where two or more entities collaborate towards a common objective, sharing responsibilities and benefits.

Departmentation

The process of dividing an organization into specialized units or departments for efficiency and effectiveness.

Departmentation

The process of dividing an organization into distinct departments, allowing for specialized functions and management.