How Can Managers Best Determine If Their Industries Have Globalized

question 13

Essay

How can managers best determine if their industries have globalized or are in the process of globalizing?

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Definitions:

Retained Earnings

Retained earnings represent the cumulative amount of net income retained in the company rather than distributed to shareholders as dividends.

Dividends Payable

A financial accounting term referring to the declared dividends to be paid to a corporation's shareholders out of current or retained earnings.

Legal Capital Approach

A method of accounting that maintains capital at a certain legal minimum to protect creditors.