Which of the Following Types of Companies Are Affected by Globalization

question 53

Multiple Choice

Which of the following types of companies are affected by globalization?

• A)primarily large companies
• B)primarily small companies
• C)both large and small companies
• D)only companies with overseas factories
• E)only companies with immigrant workers

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Definitions:

Real Wage

This is the purchasing power of a person's earnings, considering the effects of inflation on buying goods and services.

Expected Price Level

The average price level for goods and services anticipated by individuals and organizations, affecting consumption and investment decisions.

Actual Price Level

The current general price of goods and services in an economy at a particular time.

Inflation Rate

A measure of the rate at which the overall level of prices for goods and services is rising, indicating a decrease in the purchasing power of a country's currency.