Because of Globalization,more Young People Around the World Now Have

question 150

Multiple Choice

Because of globalization,more young people around the world now have one part of their identity rooted in their local culture while another part stems from an awareness of their relation to the global culture.What do scholars call this type of identity?

• A)multicultural identity
• B)bicultural identity
• C)hybrid identity
• D)blended identity

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Definitions:

Percentage-of-Completion

An accounting method typically used in long-term contracts, recognizing revenues and expenses in proportion to the work completed during the period.

Installment

A method of paying for goods or services or the repayment of a loan in parts, typically on a monthly basis, over a period of time.

Cost Recovery

The process of regaining the value of an investment or expense, often through depreciation, amortization, or directly recouping expenses.

Gross Profit

The financial metric that represents the difference between revenue and the cost of goods sold (COGS) before deducting overhead, payroll, taxation, and interest payments.