There Are Two Meanings of Globalization: Globalization as Fact and Process,and

question 3

Multiple Choice

There are two meanings of globalization: globalization as fact and process,and globalization as ideology and contested policy.What is the primary and neutral meaning of globalization as it is applicable to anthropology?

• A) promotion of the interests of multinational corporations at the expense of farmers and workers
• B) the efforts by international financial powers to create a global free market for goods and services
• C) the impact of the world on the rest of the universe
• D) the spread and connectedness of production, communication, and technologies across the world
• E) opposition to global free trade

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Definitions:

Comprehensive Income

The total change in equity for a reporting period other than transactions from owners, including all revenues, expenses, gains, and losses.

IAS 34

International Accounting Standard 34, which deals with interim financial reporting, providing guidance on financial statements prepared for part of the year.

Loss Carryforward

A tax provision that allows a company to use its current year's losses to reduce future taxable income.

IFRS

International Financial Reporting Standards are a set of accounting standards developed by the International Accounting Standards Board that are becoming the global standard for the preparation of public company financial statements.