Globalization Is an Uneven Process,and Because of This,the Disparity Between

question 6

Multiple Choice

Globalization is an uneven process,and because of this,the disparity between the developed world and the developing world is:

• A)greater than ever
• B)decreasing rapidly
• C)growing but is still less than it was in the nineteenth century
• D)slowly shrinking
• E)none of the above; globalization has little effect on the development of countries

---

Definitions:

Revenue Accounts

Accounts that track the income earned from a company's primary operations and other activities.

Closing Entries

Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts.

Accounting Period

The span of time at the end of which a company calculates its financial performance, typically a quarter or year.

Journalized

The act of recording a transaction in an accounting journal, documenting the financial activities of a business.