The Biggest Contribution to Accelerating and Deepening the Process of Globalization

question 55

Multiple Choice

The biggest contribution to accelerating and deepening the process of globalization has been made by the rapid development and diffusion of __________ technologies,which have enhanced the so-called compression of time and space.

• A)communication
• B)transportation
• C)manufacturing
• D)accounting
• E)energy

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Definitions:

Net Income

The net income of a business following the subtraction of all costs, taxes, and operational expenses from its revenue.

Straight-Line Depreciation

A method of allocating an asset's cost evenly over its useful life, resulting in a constant annual expense.

Journal Entry

A record in accounting that documents a business transaction and its effect on various accounts, used to keep track of financial events by debits and credits.

Residual Value

The estimated amount that an asset will realize upon its sale at the end of its useful life.