Macro Issues Such as Accountability,performance Expectations,freedom Accorded Within Society,and Product

question 41

Multiple Choice

Macro issues such as accountability,performance expectations,freedom accorded within society,and product preferences lead to _____.

• A) similarity in cultures around the world
• B) cultural clashes across countries
• C) death of distance
• D) cocooning

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Definitions:

Capitalize

The accounting practice of recording a cost or expense on the balance sheet for the purposes of delaying full recognition of the expense over time through depreciation or amortization.

Depreciate

To allocate the cost of a tangible asset over its useful life, reflecting the decline in the asset's value due to use and wear and tear.

Financial Statements

Reports that summarize the financial performance, position, and cash flows of a business over a specific period of time.

Endowment Contribution

A donation made to an institution or organization with the stipulation that it be invested and the principal remain intact, while the investment income can be used for organizational purposes.