Which of the Following Theories Is a Model of Economic

question 15

Multiple Choice

Which of the following theories is a model of economic and social development that explains global inequality in terms of technological and cultural differences between societies?

• A)social-conflict theory
• B)modernization theory
• C)world-system theory
• D)cultural-transmission theory

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Definitions:

Accounts Receivable

Amounts receivable by a business from its clients for goods or services that have already been delivered, but payment is pending.

Inventory

The complete inventory of products and materials that a business keeps for the aim of selling or using in manufacturing.

Quick Ratio

A liquidity metric that measures a company's ability to cover its short-term obligations with its most liquid assets, excluding inventory.

Quick Assets

Assets that can be quickly converted into cash without losing value, including cash, marketable securities, and accounts receivable.