Which of the Following Statements Is True About the Implications

question 2

Multiple Choice

Which of the following statements is true about the implications of technological innovations for the globalization of markets?

• A) Technological innovations have facilitated the globalization of production, but have failed to facilitate the globalization of markets.
• B) Though technological innovations are ushering in the "global village," significant national differences remain in consumer preferences, and business practices.
• C) Technological innovations have caused the rise of communism across the globe.
• D) Technological innovations have failed to create global markets for consumer products.
• E) Technological innovations have increased the cost of communication which is hampering globalization of markets.

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Definitions:

Null Hypothesis

A statement or hypothesis that suggests there is no statistical significance between the two variables being studied or no effect of an experimental variable.

P > 0.05

Indicates that the probability of obtaining the observed data, or more extreme, under the null hypothesis is greater than 5%, suggesting results are not statistically significant.

T Test

A statistical test used to compare the means of two groups to determine if they are significantly different from each other.

P < 0.05

Indicates that the probability of obtaining the observed data, or more extreme, under the null hypothesis is less than 5%, suggesting statistically significant results.