Which of the following does NOT reflect the new world of globalization?

A) stasis
B) flexibility
C) versatility
D) change
E) speed


Answer: A
Explanation: A) With new technology, competitive pressures, and opportunities, global business is changing all the time—it is not static.

Business

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Which of the following accounts could decrease as a result of adjusting entries?

a. Office Supplies b. Accumulated Depreciation–Buildings c. Wages Expense d. Revenue from Services

Business

An asset was purchased for $200,000 . It had an estimated residual value of $40,000 and an estimated useful life of ten years. After four years of use, the estimated residual value is revised to $28,000 . Assuming straight-line depreciation, depreciation expense in year 5 of use would be

a. $18,000. b. $17,144. c. $28,668. d. $15,333.

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The customers ledger and the creditors ledger refer to subsidiary ledgers

Indicate whether the statement is true or false

Business

There is no exact standard or test by which to determine whether contractual performance is substantial.?

Indicate whether the statement is true or false

Business