Globalization in the Twenty-First Century Is Characterized By

question 52

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) rising equality around the world.

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Definitions:

Profit Margin

A financial metric that measures the percentage of revenue that exceeds the cost of goods sold, indicating the profitability of a company.

Return On Sales

A ratio used to evaluate a company's operational efficiency, calculated by dividing operating profit by sales revenue.

Accrual Accounting

A financial recording approach that documents incomes and expenditures at the time they happen, irrespective of the actual cash flow.

Accrued Revenues

Income that has been earned but not yet received, recorded as an asset on the balance sheet to reflect sales that have taken place.