Examples of How Globalization of Companies Has Affected the Economy

question 36

Multiple Choice

Examples of how globalization of companies has affected the economy include:

• A) Open boarders have allowed new ideas and technology to flow freely
• B) Accelerating productivity growth has allowed companies to be more competitive
• C) There is a growing fear that globalization only benefits big business
• D) All of the above

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Definitions:

Total Expenses

The sum of all costs and expenses incurred by a business or organization during a specific period.

Accrued Wages

Wages that have been earned by employees but have not yet been paid or recorded in the financial statements.

Pay Period

The interval of time for which an employee’s wages are calculated, such as weekly, bi-weekly, monthly, etc.

Depreciation

The systematic reduction in the recorded cost of a fixed asset to allocate its expense over its useful life.