Globalization in the Twenty-First Century Is Characterized By

question 34

Multiple Choice

Globalization in the twenty-first century is characterized by:

• A) the movement of labor across the world quickly and efficiently to those places it is most needed.
• B) the rise of the West,with U.S.and European financial centers dominating global trade.
• C) the emergence of new markets,new means of exchange,new players,and new rules that are intensifying worldwide interdependencies.
• D) fusions of previous economic forms,such as feudalism and bartering.

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Definitions:

Intersegment Sales

Intersegment sales refer to transactions where one segment of a company sells goods or services to another segment of the same company, affecting intra-company revenues but not consolidated revenues.

Capital Expenditures

Payments made by a company to acquire or significantly improve the capacity or capabilities of long-term assets.

Interest Revenue

Income earned by an entity from lending money or making investments that bear interest.

Reportable Segments

These are components of a business where separate financial information is available and is reviewed regularly by the operating decision maker for the purpose of resource allocation and performance assessment.